Privatising the mail
Posted by Andrew Adams on January 16, 2009
Filed Under Politics, Society |
So Peter Mandelson has pledged to proceed with the part-privatisation of the Royal Mail despite strong opposition from Labour MPs.
The main reason given in justification is that the Royal Mail needs a substantial cash injection in order to modernise. Leaving aside the point made in the linked article that it has already received a loan of £1.2bn of which £600m still remains unspent, does anyone else not think it odd that when the privately* owned banks need an injection of capital they have to run to the Government for it but when the Government owned Royal Mail needs the same thing it has to go to the private sector?
*Of course the banks are PLC’s, I use the term “privately” to distinguish them from the “publicly” owned Royal Mail.
Comments
Leave a Reply