x404.co.uk
http://www.x404.co.uk/forum/

Sell-off is 'only way to save Royal Mail'
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=10378		 Page 1 of 1
Author:  Amnesia10 [ Sat Sep 04, 2010 2:05 pm ]
Post subject:  Sell-off is 'only way to save Royal Mail'
http://www.telegraph.co.uk/news/uknews/ ... -Mail.html

Quote:
Royal Mail must be privatised to preserve the universal postal service, a government-commissioned report will say next week.
Author:  jonbwfc [ Sat Sep 04, 2010 3:23 pm ]
Post subject:  Re: Sell-off is 'only way to save Royal Mail'
Yeah, that'll obviously work....
Author:  pcernie [ Sat Sep 04, 2010 3:55 pm ]
Post subject:  Re: Sell-off is 'only way to save Royal Mail'
jonbwfc wrote:
Yeah, that'll obviously work....


But it's worked with the trains, hospitals, sch...oh. :oops:
Author:  Amnesia10 [ Sat Sep 04, 2010 4:55 pm ]
Post subject:  Re: Sell-off is 'only way to save Royal Mail'
jonbwfc wrote:
Yeah, that'll obviously work....

It is a way of dumping the pension liability if nothing else. I want the Universal Post to remain and who ever gets a licence must be bound to that.
Author:  bobbdobbs [ Sat Sep 04, 2010 6:43 pm ]
Post subject:  Re: Sell-off is 'only way to save Royal Mail'
Amnesia10 wrote:
jonbwfc wrote:
Yeah, that'll obviously work....

It is a way of dumping the pension liability if nothing else. I want the Universal Post to remain and who ever gets a licence must be bound to that.

any sell off of the postal service will not include the pension liabilities, that will remain firmly behind as any prospective buyer will not want that milestone around their necks.
Author:  l3v1ck [ Sat Sep 04, 2010 6:45 pm ]
Post subject:  Re: Sell-off is 'only way to save Royal Mail'
Amnesia10 wrote:
It is a way of dumping the pension liability if nothing else.
I expect the government would be liable for the existing deficit. Either that or they'll get almost nothing for it when tehy sell it.
Amnesia10 wrote:
I want the Universal Post to remain and who ever gets a licence must be bound to that.
+1
Author:  Amnesia10 [ Sat Sep 04, 2010 7:49 pm ]
Post subject:  Re: Sell-off is 'only way to save Royal Mail'
bobbdobbs wrote:
Amnesia10 wrote:
jonbwfc wrote:
Yeah, that'll obviously work....

It is a way of dumping the pension liability if nothing else. I want the Universal Post to remain and who ever gets a licence must be bound to that.

any sell off of the postal service will not include the pension liabilities, that will remain firmly behind as any prospective buyer will not want that milestone around their necks.

In which case the liabilities will never fall and the private sector will end up with a debt free company and a practical monopoly to abuse. The tax payers will never get enough from the sale to make up for any losses, or even come close. Look out how underpriced every other privatisation has been. Tax payers you are about to get fleeced again.
Page 1 of 1 All times are UTC
Powered by phpBB® Forum Software © phpBB Group
https://www.phpbb.com/