Royal Mail bonuses smack of private sector excess

[cloherty1976]

Can't remember much above £400 million in years gone back but could be wrong

[cloherty1976]

I like what you say fish tank and I take it you know about law society rules and what your legal teams can advice on?

[spoodoo]

Cloherty how's you're pal crammyposty doin?

[cloherty1976]

Well off the mark there. It was a simple question

[barrowc]

Can't remember much above £400 million in years gone back but could be wrong

• Year Postal £million
  1981-82 96.2
  1982-83 136.5
  1983-84 116.9
  1984-85 112.3
  1985-86 97.5
  1986-87 130.8
  1987-88 119.3
  1988-89 100.0
  1989-90 2.9
  1990-91 31
  1991-92 152
  1992-93 187
  1993-94 195
  1994-95 314
  1995-96 270
  1996-97 361
  1997-98 447
  1998-99 496
  1999-00 -415
  2000-01 -44
  2001-02 -940
  2002-03 -559
  2003-04 7
  2004-05 235
  2005-06 395
  2006-07 286
  2007-08 135
  2008-09 -232
  2009-10 -321

From the "Reported Post Office/Royal Mail Group Net Profits/Losses, 1981-2010" - item no. 14 at http://www.postalheritage.org.uk/page/statistics

[cloherty1976]

Thank you barrowc it was 2 years were above so not that many and that was in the good times of growth in the world. Moya in my book has done well to achieve those results

[fishtank]

Thank you barrowc it was 2 years were above so not that many and that was in the good times of growth in the world.

Just to put it into proper perspective the £136m we made in 1982 would be worth £408m in today's money,the £314m in 1994 would be worth £530m and the £496m in 1998 would be worth £740m.
The large losses in 2002 mostly came from POL and even in 2009 when Royal Mail shows a net loss of £232m the company actually made an operating profit of £321m
http://news.bbc.co.uk/1/hi/business/8049808.stm" onclick="window.open(this.href);return false;

For the last 10 years the pension deficit has been dragging net profits down by almost £250 million a year,that's gone now.
All Moya did was sell real estate,cut jobs and hike up the prices for both stamped and DSA mail.
Well done indeed.

[cloherty1976]

Come on fish tank you could go on and on in terms of figures as you could say back in the 1940,s you could buy a penny worth of chips and all the fish you could eat on the pier my grandad would say

[fishtank]

Come on fish tank you could go on and on in terms of figures as you could say back in the 1940,s you could buy a penny worth of chips and all the fish you could eat on the pier my grandad would say

If you want to compare profits now with profits over the last 20 years you have to do it on a like for like basis.
The same goes for wages.

[spoodoo]

Clocherty are you mr green?

[Brain Fury]

All Moya did was sell real estate,cut jobs and hike up the prices for both stamped and DSA mail.

Makes you wonder why nobody did it before if it was that easy

[fishtank]

All Moya did was sell real estate,cut jobs and hike up the prices for both stamped and DSA mail.

Makes you wonder why nobody did it before if it was that easy

The job cuts have been done before and the real estate opportunities she inherited with the mail centre rationalisation programme,the price rises had to be enabled by a change in regulatory framework which had to come at some point but were advanced by the governments wish to sell us off.

[cloherty1976]

[quote="spoodoo"]Clocherty are you mr green?[whose mr green]

[rockytony67]

Clocherty are you mr green?[whose mr green]

I think he's taking the piss and asking if your Moya's old man

[cloherty1976]

Thank you rocky . If I was I think I might be worth a few quid didn't they get divorced..