Royal Mail to be privatised, floated on the stock market
51 replies, posted
[img]http://imgkk.com/i/7a-9.jpg[/img]
[url]http://www.bbc.co.uk/news/business-23249466[/url]
[quote]Postal workers are set to receive millions of pounds' worth of Royal Mail shares when the company is privatised later this year.
Business Secretary Vince Cable said employees would be given 10% of shares as part of a stock market flotation.
Unions have reacted angrily to the plans and have threatened to ballot for strike action.
The Communication Workers Union (CWU) said the sale of Royal Mail was "unwanted by public, customers and the workers".
The government has opted to float the company on the London Stock Exchange rather than sell it to a private buyer.[/quote]
Watch it go the way of the railways.
This is really dumb.
It's hardly the [B]Royal [/B] Mail then, is it?
Oh please don't.
watch as it takes the same path of the usps
oh its going to be worse than that, no one is going to buy royal mail stock lol
If they did that in the us with the usps it would die instantly
[QUOTE=Sgt-NiallR;41394597]It's hardly the [B]Royal [/B] Mail then, is it?[/QUOTE]
[img]http://imgkk.com/i/m7or.jpg[/img]
Well done government, privatising a profitable organisation that provides a good service.
the empire was dead, now it's buried
Has this government actually done anything good?
[QUOTE=Coffee;41394762]Has this government actually done anything good?[/QUOTE]
Make it so the lib dems will NEVER get back into power?
[QUOTE=Coffee;41394762]Has this government actually done anything good?[/QUOTE]
I think the only thing they did right was gay marriage, and that's it.
[QUOTE=Sgt-NiallR;41394857]Make it so the lib dems will NEVER get back into power?[/QUOTE]
That's not a massive change
[QUOTE=Sgt-NiallR;41394857]Make it so the lib dems will NEVER get back into power?[/QUOTE]
Except everything the government's done this election has been based around Conservative policy...
[QUOTE=Coffee;41394762]Has this government actually done anything good?[/QUOTE]
The [url=http://en.wikipedia.org/wiki/Protection_of_Freedoms_Act_2012]Protection of Freedoms Act[/url] was pretty cool. Fibre internet rollout has been okay but it's fallen behind schedule. Foreign policy has also been decent imo. They're also introducing gay marriage as has been said, and the banking reform plans look quite good but they're not done yet so who knows
[editline]10th July 2013[/editline]
Oh and they're building new nuclear power plants but Labour would also have done that
Privatization: Selling something built with your tax dollars and then offering inferior service at 50% greater cost. That's always what it turns into.
i had a brain fart and thought that this meant that the [I]Daily[/I] Mail was getting bought out by someone else
Am I the only one who thinks this is a good idea?
The Royal Mail is a massive money sink for the government and gets very little out of it. Postal Workers are lazy as fuck and strike all the time and someone needs to reign them in because the government won't.
Besides the private sector almost always does things better than the public sector, yeah it usually costs money but it's run far more effectivly by businessmen than bureaucrats. Assuming it's properly regulated then hopefully the mail system will become much better than the disorganised mess it currently is.
It's good that the current government are finishing what Thatcher started.
$10 to mail a letter to the next town.
[QUOTE=Jamsponge;41394960]Except everything the government's done this election has been based around Conservative policy...[/QUOTE]
...despite it being a coalition.
That's my point.
Oh god please no.
[QUOTE=The mouse;41395448]Am I the only one who thinks this is a good idea?
The Royal Mail is a massive money sink for the government and gets very little out of it. Postal Workers are lazy as fuck and strike all the time and someone needs to reign them in because the government won't.
Besides the private sector almost always does things better than the public sector, yeah it usually costs money but it's run far more effectivly by businessmen than bureaucrats. [B]Assuming it's properly regulated[/B] then hopefully the mail system will become much better than the disorganised mess it currently is.
It's good that the current government are finishing what Thatcher started.[/QUOTE]See, that's the problem. It's easy as shit to generate the political will to privatize something, but adding the condition of regulation draws blank faces or outright contempt from your parliamentarians. Looking at the pathetic state of your railways, I hold no hope for your postal system.
[QUOTE=Genericenemy;41394713]Well done government, privatising a profitable organisation that[B] provides a good service.[/B][/QUOTE]
Pfffft Ahahahahaha!
[QUOTE=Sgt-NiallR;41395568]...despite it being a coalition.
That's my point.[/QUOTE]
Green Deal
Av Referendum
Even this was done by Vince Cable, The Liberal Business secretary.
Proposed House of Lords Reform
All Liberal policies.
[QUOTE=The mouse;41395448]Am I the only one who thinks this is a good idea?
The Royal Mail is a massive money sink for the government and gets very little out of it. Postal Workers are lazy as fuck and strike all the time and someone needs to reign them in because the government won't.
[B]Besides the private sector almost always does things better than the public sector, yeah it usually costs money but it's run far more effectivly by businessmen than bureaucrats. Assuming it's properly regulated then hopefully the mail system will become much better than the disorganised mess it currently is.[/B]
It's good that the current government are finishing what Thatcher started.[/QUOTE]
Ha ha, nope
"In a comprehensive social welfare analysis of the British privatization program under the Conservative governments of Margaret Thatcher and John Major, Massimo Florio points to the absence of any productivity shock resulting strictly from ownership change. Instead, the impact of the UK privatization program had surprisingly small effects on firms and most employees, and generally harmed taxpayers and most consumers." [URL="http://www.jstor.org/discover/10.2307/30032311?uid=3738032&uid=2&uid=4&sid=21102448608151"](Source)[/URL]
They're flogging it off because the Tory's grand plan to cut the deficit isn't working, so they need money to make it seem like it is, like what happened with the selling off of 4G frequencies.
[QUOTE=AMD Bulldozer;41395628]Pfffft Ahahahahaha![/QUOTE]
It could be alot worse.
ALOT worse.
[QUOTE=Camundongo;41395686]Ha ha, nope
"In a comprehensive social welfare analysis of the British privatization program under the Conservative governments of Margaret Thatcher and John Major, Massimo Florio points to the absence of any productivity shock resulting strictly from ownership change. Instead, the impact of the UK privatization program had surprisingly small effects on firms and most employees, and generally harmed taxpayers and most consumers." [URL="http://www.jstor.org/discover/10.2307/30032311?uid=3738032&uid=2&uid=4&sid=21102448608151"](Source)[/URL]
They're flogging it off because the Tory's grand plan to cut the deficit isn't working, so they need money to make it seem like it is, like what happened with the selling off of 4G frequencies.[/QUOTE]
Oh and the organisations like the NHS work so well in the Public Sector. The reason for Privatisation is to relieve the Taxpayers and the Government of having to pay for it, therefore raising revenue and lowering expenses. It makes perfect sense to Privatise in a recession. The Private sector ensures that organisations are run well because they have to be otherwise they wouldn't make money.
[QUOTE=The mouse;41395867]Oh and the organisations like the NHS work so well in the Public Sector. The reason for Privatisation is to relieve the Taxpayers and the Government of having to pay for it, therefore raising revenue and lowering expenses. It makes perfect sense to Privatise in a recession. The Private sector ensures that organisations are run well because they have to be otherwise they wouldn't make money.[/QUOTE]
You can't compare the NHS to royal mail, they're just completely different.
If this gets privatised, prices will go through the roof and the service will just go to shit.
[QUOTE='[EG] Pepper;41395892']You can't compare the NHS to royal mail, they're just completely different.
If this gets privatised, [B]prices will go through the roof and the service will just go to shit.[/B][/QUOTE]
You mean it can get worse?
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