Royal Mail partial privatisation runs into money problems

[TrueBlueTerrier]

http://www.tribunemagazine.co.uk/2009/0 ... -problems/" onclick="window.open(this.href);return false;

THE Government’s controversial plan to part-privatise Royal Mail has run into another problem – and this time it could prove fatal for the much-criticised idea. It appears that private companies do not have the cash to buy the stake the Government wants to sell during this credit crunch-inspired recession.

Although the Tories are backing the Government plan Peter Luff, Conservative MP for Mid Worcestershire and chair of the Business and Enterprise Select Committee, admitted: “This could be the wrong time – selling off a public asset on the cheap.”

Geraldine Smith, Labour MP for Morecambe & Lunesdale, and other backbenchers have been pressing the Government for a figure on what it thinks the stake it proposes to sell is worth. Lord Mandelson is reluctant to say.

Some cynics fear the Government will “bodge and bungle it” by putting “a bogus element for expertise” into the equation.

But Labour MPs – furious about job cuts, depot closures and part-privatisation of this popular public service – say the money simply isn’t there in the private sector at the moment.

[k979aaa]

http://www.tribunemagazine.co.uk/2009/0 ... -problems/

THE Government’s controversial plan to part-privatise Royal Mail has run into another problem – and this time it could prove fatal for the much-criticised idea. It appears that private companies do not have the cash to buy the stake the Government wants to sell during this credit crunch-inspired recession.

Although the Tories are backing the Government plan Peter Luff, Conservative MP for Mid Worcestershire and chair of the Business and Enterprise Select Committee, admitted: “This could be the wrong time – selling off a public asset on the cheap.”

Geraldine Smith, Labour MP for Morecambe & Lunesdale, and other backbenchers have been pressing the Government for a figure on what it thinks the stake it proposes to sell is worth. Lord Mandelson is reluctant to say.

Some cynics fear the Government will “bodge and bungle it” by putting “a bogus element for expertise” into the equation.

But Labour MPs – furious about job cuts, depot closures and part-privatisation of this popular public service – say the money simply isn’t there in the private sector at the moment.

Unless the government gives it too a bank owned by the government too sell it to a preferred business of expertise and the one with guile :mfo with a crooked smile will pockets all the cash and then runs a mile!. :mfo :mfo :mfo

[BELIAL]

http://www.tribunemagazine.co.uk/2009/0 ... -problems/

THE Government’s controversial plan to part-privatise Royal Mail has run into another problem – and this time it could prove fatal for the much-criticised idea. It appears that private companies do not have the cash to buy the stake the Government wants to sell during this credit crunch-inspired recession.

Although the Tories are backing the Government plan Peter Luff, Conservative MP for Mid Worcestershire and chair of the Business and Enterprise Select Committee, admitted: “This could be the wrong time – selling off a public asset on the cheap.”

Geraldine Smith, Labour MP for Morecambe & Lunesdale, and other backbenchers have been pressing the Government for a figure on what it thinks the stake it proposes to sell is worth. Lord Mandelson is reluctant to say.

Some cynics fear the Government will “bodge and bungle it” by putting “a bogus element for expertise” into the equation.

But Labour MPs – furious about job cuts, depot closures and part-privatisation of this popular public service – say the money simply isn’t there in the private sector at the moment.

Unless the government gives it too a bank owned by the government too sell it to a preferred business of expertise and the one with guile :mfo with a crooked smile will pockets all the cash and then runs a mile!. :mfo :mfo :mfo

And face piles of trials with smiles.
It guiles them to believe
that you perceive
the web they weave
Timothy L is dead

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what a tangled web we weave,
when first we practice to decieve
:mfo :mfo :mfo :mfo :mfo

[norbert]

what a tangled web we weave,
when first we practice to decieve
:mfo :mfo :mfo :mfo :mfo

I'll give Geraldine Smith her due , she's turning the screw on :mfo - years ago she turned the screw on :lfo on the first of his infamous unprofessonial appalling " letters " to the staff , she wouldn't let :lfo bluff and bluster his way out of it