ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

Scottish independence: What might happen to?

Latest Royal Mail and CWU news.This is an open forum.
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72738
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Scottish independence: What might happen to?

Post by TrueBlueTerrier »

http://www.bbc.co.uk/news/uk-scotland-s ... s-26620304" onclick="window.open(this.href);return false;

Post independence

Fiona Stewart asks: "It is proposed that, should Scotland become independent, the Royal Mail will be brought back into a state-owned entity. As a Royal Mail shareholder, what happens to my shares? Do I have to sell them back to the Scottish government?"

The UK government still owns about a third of the Royal Mail, and the SNP-run Scottish government plans to negotiate for a share of that stake if Scotland becomes independent.

A Scottish government spokesperson added: "Individual shareholdings would not be affected as Royal Mail would continue as a private company in the rest of the UK, unless a UK government decided otherwise.

"Our approach will be considered in the light of circumstances at the point of independence, including the prevailing structure of the Royal Mail. It will also require negotiations with Westminster."

But a Better Together spokesperson responded: "The Nationalists say the Royal Mail will be renationalised but can't give any detail about how this would be paid for. It's just another item on the nationalists' uncosted wish list."
All post by me in Green are Admin Posts.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.