Future for Royal Mail is so, so predictable

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It's no surprise shares in the Royal Mail have leapt in value (Report, 12 October). The government knew full well that if they sold the business direct to the corporate investors and hedge funds, there would have been cries of a stitch-up. By restricting the number of shares any one person could buy, they made it seem like a "people's" privatisation. But they sold the shares at a price below their true value knowing that, when trading opened, the price would jump, the small investors would sell and take their small windfall, and the big guys could then move in. Who do you think will own the Royal Mail in 12 months' time?
Dudley Turner
Westerham, Kent

• I predict that in five years' time: the head of the Royal Mail will be paying themselves the then equivalent of £5m; postal workers will be paid less in real terms than today, and have less job security; stamps will cost more than twice as much in real terms; in some rural areas people will have to collect mail from a central point and/or will have deliveries less frequent than daily; the number of post offices, post boxes and mail collections will be further reduced; the Royal Mail will be making a huge profit.
Peter Heap
London

• In this time of small-minded greed, largely created by our coalition government, it was delightful to see that Paul Firmage and 367 of his colleagues have turned down the "free" shares in the Royal Mail (Report, 11 October). They each deserve an award. And so does Ha-Joon Chang for explaining why they are right (Comment, 11 October).
Steve Lupton
Manchester