Vox Political

Is anybody happy that the Royal Mail is to be privatised?

Personally, I see no cause for celebration. Polls show that 70 per cent of the public are against privatisation – no matter which political party they support – and 96 per cent of the workforce don’t want it either, despite being offered shares in the new company. They’re not stupid. They know that workers in other privatised services have not been able to keep their shares. Will they be able to take the shares with them if they leave?

And what will happen to workforce terms and conditions?

Other people buying shares will have to pay at least £750 to get the smallest stake in the new company – that puts the sell-off well out of the reach of most people in these depressed times. It is a privatisation for financiers, lawyers and accountants. They won’t want to share…

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