Public Values

Doubling of profits for Britain's Royal Mail makes hard case for planned privatization

Government is facing a rebellion from more than 150 Labour MPs over the sale.

Doubling of profits for Britain's Royal Mail makes hard case for planned privatizationby Christine Buckley and Helen Power, The Times

May 15, 2009 — Unions seized on bumper profits at Royal Mail to argue that a doubling of profit, despite a continued fall in the number of letters being posted, should render controversial government plans to part privatise the company obsolete.

Dave Ward, deputy general secretary of the Communication Workers Union (CWU), said: "Today's results make it easy for the Government to back the pensions element of the Postal Services Bill and drop the privatisation part. The public, MPs and postal workers want the Government to see sense and keep the postal service public."

Royal Mail said its profits increased to £321 million last year compared with £162 million the previous year. However, that year was hit by some of the worst industrial action for two decades, which the organisation said cost it dearly.

However, Lord Mandelson, the Business Secretary, claimed that Royal Mail's results supported the Government's case for part-privatisation, adding that he would push ahead with politically fraught plans to auction off a stake...

To read further, please click on the link below:

Links and sources
  Royal Mail in privatisation row as profits hit £321m, by Christine Buckley and Helen Power, Times Online, March 15 2009

Posted: May 14, 2009

Categories:
  News
  Politics
  Campaigns
  Public services
  Front lines
  Voices of privatization
  Feedback and dialogue

Public Values (PublicValues.ca) is a project of the Golden Lake Institute and the online publication StraightGoods.ca


Public Values
 
HOME
CONTACT US
SEARCH
FREE BULLETIN
FRANÇAIS
Search PublicValues.ca
Donate to PublicValues.ca
News
Research
Politics
Campaigns
Health care
Public services
Natural resources
Energy
Education
Front lines
Voices of privatization
Feedback and dialogue
Visit StraightGoods.ca
About Us
Donations
Newswire/RSS
What is framing?
Wednesday, December 13, 2017
Updated frequently
To view photo captions, run your mouse over the photo
 
Bookmark and Share

© Golden Lake Institute/PublicValues.ca, 2007-11
PublicValues.ca owns copyright on all staff-written articles.
We encourage others to freely distribute material from this website but, without explicit permission,
Web publishers may only use short excerpts that also include credit to us and a reference to our site for the full article.
This site is managed by the Golden Lake InstituteVisit Golden Lake Institute Website and Straight Goods NewsVisit Straight Goods News Website
For comments or suggestions, please contact the PublicValues.ca Editor
For technical issues, please contact the PublicValues.ca Webmaster