Vince Cable plans new attempt to privatise Royal Mail

[Silly Sarah]

The government has today announced that they plan to part privatise RM. Although no specifics have been confirmed. I'm in delivery and having not worked long for the company I don't fully understand all its workings... Can anyone explain what could be the implications of this?

[Bouncing Souls]

This was said today by Clegg talking to civil servants on the new goverment proposals...

'The administration will "seek to ensure an injection of private capital into Royal Mail, including opportunities for employee ownership". Post Office Ltd will remain in public ownership, according to the document'

I guess going by this, they are looking at the Lib Dems version for RM, Part Privatisation, 49%

[fishtank]

The government has today announced that they plan to part privatise RM. Although no specifics have been confirmed. I'm in delivery and having not worked long for the company I don't fully understand all its workings... Can anyone explain what could be the implications of this?

Everything but the Post Office will be sold.....if they can find a buyer...it's a fire sale and in the words of the Manics everything must go.
Never mind though you may get some fake shares in the new company.
Anybody who now thinks we will get that mystical 3.5% in 2012.....dream on.
That is going to look like a hell of a big pay rise for only one year.

[bexhil palace]

FFS is there not a modern day Guy Fawkes that we can call on.
Lets put a bomb under the lot of them and start again. :lfo :mfo

[POSTMAN]

New RMC uncensored vince the twat smilie coming soon. :mfo

[fmrPOSTIE]

Never mind though you may get some fake shares in the new company.
Anybody who now thinks we will get that mystical 3.5% in 2012.....dream on.
That is going to look like a hell of a big pay rise for only one year.

It wont be a new company will it?!!?...Royal Mail is already a government-owned company, all 65,000 shares owned by Vince Cable (BIS Secretary). And history says that your pay will actually go UP under privatisation. Look at the privatised dockyards and the railways!!!

[DGP1]

New RMC uncensored vince the twat smilie coming soon. :mfo

Can we have a Cameron and Clegg ones too.

[ruralpostie]

This was said today by Clegg talking to civil servants on the new goverment proposals...

'The administration will "seek to ensure an injection of private capital into Royal Mail, including opportunities for employee ownership". Post Office Ltd will remain in public ownership, according to the document'

I guess going by this, they are looking at the Lib Dems version for RM, Part Privatisation, 49%

The BIG question is will "they" still honour the "Business transformation 2010" deal in full or will this be renaged upon as well.
It should be built into the sale that whoever takes over or whatever happens to Royal Mail the 2010 deal will still have to be honoured...Surely this has to be a MUST and for the sakes of modernisation, the only way to go forward is take the workforce with you a concept the twat Penis Welsh at BA hasn't quite grasped yet!! !....otherwise!!.... The gates it is!!!!!!... as much as I am reluctant to do so, but a "promise" is a "promise" in my eyes!!!

[fmrPOSTIE]

2010 and Beyond will be honoured if a partial sale goes ahead.

[BELIAL]

Never mind though you may get some fake shares in the new company.
Anybody who now thinks we will get that mystical 3.5% in 2012.....dream on.
That is going to look like a hell of a big pay rise for only one year.

It wont be a new company will it?!!?...Royal Mail is already a government-owned company, all 65,000 shares owned by Vince Cable (BIS Secretary). And history says that your pay will actually go UP under privatisation. Look at the privatised dockyards and the railways!!!

You forgot to mention that there will be only 15 employees

[TrueBlueTerrier]

New RMC uncensored vince the twat smilie coming soon. :mfo

Can we have a Cameron and Clegg ones too.

[DGP1]

New RMC uncensored vince the twat smilie coming soon. :mfo

Can we have a Cameron and Clegg ones too.

Funniest post in while Teebs

[worktotime]

Never mind though you may get some fake shares in the new company.
Anybody who now thinks we will get that mystical 3.5% in 2012.....dream on.
That is going to look like a hell of a big pay rise for only one year.

It wont be a new company will it?!!?...Royal Mail is already a government-owned company, all 65,000 shares owned by Vince Cable (BIS Secretary). And history says that your pay will actually go UP under privatisation. Look at the privatised dockyards and the railways!!!

your right every thing these idiots get there hands on they run it in to the ground , how can you sell a public buisness thats making a big profit every year ? so why spend any more money stuff it .

[barbario]

Due to the world recession, our country is desparate for money,don't be surprised to see us sold for a rock bottom price.

[BELIAL]

Due to the world recession, our country is desparate for money,don't be surprised to see us sold for a rock bottom price.

Actually the real term level of national debt that the UK is running right now is only 1/5 of the size of the debt that the UK carried from 1943 - mid 1960's , perhaps if you change the way you report the figures it makes it easier to convince working people that they should accept pay and pension cuts while the fat cats keep raking it in at an ever increasing rate.
Agree with you about the great public asset giveaway , it will be just like all the others . Wait for the kickbacks and backhanders in the form of consultancy fees and N E Directorships for our very obliging political rent boys