After 1997, Labour allowed Post Offices and Royal Mail to wither under public ownership. The Conservatives were obviously intent on allowing both to be asset-stripped, so there was hope when the coalition was founded that there would be a progressive solution for what are still essential services. Regrettably, the decision was taken to have a full-scale sell-off of Royal Mail albeit with 10% of the shares being offered to staff.
There is a FT report behind its paywall:
http://www.ft.com/cms/s/0/efe7c606-b0d5-11e2-9f24-00144feabdc0.html#axzz2S2oo0o23 which has been confirmed by a short para in other papers yesterday. The involvement of at least two high-powered banking advisors, with no doubt consequential high fees, concerns me. I still think a co-ownership solution could have been found and there is no shortage of expertise in this field.
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