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49.9%
2nd Mar 09 : POSTMAN
The door could be open for the FULL privatisation of Royal Mail and the Tories are wetting themselves after examining the Bill in detail.
The bill has a paragraph which says "a company is publicly owned if the Crown owned more than half of it (directly or indirectly)" ,which would mean a future Conservative Government would be able to privatise up to 49.9% of the Royal Mail without further legislation.
Ken Clarke, the shadow business secretary, is understood to be considering whether the Conservatives should press for full privatisation when the bill is debated in the Lords. To achieve this the Tories would need to combine with Liberal Democrat peers.
Not much more to add after that,apart from WTF!
All of our readers can see the original news article we have on this in our 'open' Royal Mail Privatisation forum...
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