Reply to topic  [ 2 posts ] 
Royal Mail sale: ministers set to go where Thatcher feared 
Author Message
Legend

Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
Reply with quote
http://www.guardian.co.uk/uk/2013/apr/2 ... e-thatcher

:x :x :x

_________________
Plain English advice on everything money, purchase and service related:

http://www.moneysavingexpert.com/


Mon Apr 29, 2013 9:28 pm
Profile
Legend
User avatar

Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
Reply with quote
Quote:
Fallon said that unless Royal Mail passed into private hands, it would not be able to access equity markets, without which "every £1 it borrows is another £1 on the national debt".

That is the real reason for the sale. It will mean that any borrowing will not add to the national debt, but that was supposed to be the reasoning for PFI/PPP except that they now have to be added to national accounts. Having seen the channel 4 program about private delivery services I do not see any hope for much improvement. They might simply accumulate the mail till they can actually deliver it and there will be an end to the postal service as they will not push the universal price guarantee.

_________________
Do concentrate, 007...

"You are gifted. Mine is bordering on seven seconds."

https://www.dropbox.com/referrals/NTg5MzczNTk

http://astore.amazon.co.uk/wwwx404couk-21


Tue Apr 30, 2013 12:20 am
Profile
Display posts from previous:  Sort by  
Reply to topic   [ 2 posts ] 

Who is online

Users browsing this forum: No registered users and 8 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group
Designed by ST Software.