Thursday, 2 July 2009

Labour running out of Royal Mail excuses

The legislative log-jam has already been exposed as a spurious excuse for shelving Labour's plans to privatise Royal Mail. Now, the reason put forward is that “Market conditions have made it impossible to find a partner on terms that would make it value for money to the taxpayer” (see Liberal Voice).

But, as Robert Peston pointed out on BBC yesterday, conditions for attracting private capital were more difficult when the idea was first floated than now.

No comments: