What are we going to call the Royal Mail when the Crown owns none of it?

Last Updated: June 11, 2015By

The government has sold half of its remaining 30% stake in Royal Mail, raising another £750m for the Exchequer.

Postal workers will receive a 1% stake in the company worth about £50m, in addition to the 10% given to them when the government started its sell-off in 2013.

The remaining shares will be sold to institutional investors, such as pension funds.

The move has been criticised by Labour.

Source: Government sells half of its remaining Royal Mail shares – BBC News

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10 Comments

  1. jeffrey davies June 11, 2015 at 9:43 am - Reply

    once again this lot get away with selling our silver ware off but then how can you privitise the queens head hum its beyond belief that this government has damaged society so much I wonder if it will ever be fixed

    • Mike Sivier June 12, 2015 at 8:52 am - Reply

      Not by the Labour Party if any of the current leadership candidates apart from Corbyn get to run it!

  2. John Gaines June 11, 2015 at 10:14 am - Reply

    The Tory’s should be arrested for theft of Public Services.

  3. hugosmum70 June 11, 2015 at 12:20 pm - Reply

    so the ones who actually USE the ROYAL mail. don’t get a look in. even 1 or 2 shares would help us offset the rises that will inevitably occur as they did before.

  4. David Lindsay June 11, 2015 at 12:41 pm - Reply

    It will still be the Royal Mail. Specifically, the Kuwaiti Royal Mail. The symbols of our own monarchy on its stamps, postboxes and so on ought therefore to be replaced with this – http://en.wikipedia.org/wiki/Emblem_of_Kuwait.

    Then we might have some concept of what we had lost. And George Osborne’s best man might find himself among those caught up in David Cameron’s crackdown on international corruption.

    Osborne should be made heritably liable, by primary legislation, for the loss to the State from the privatisation of the Royal Mail. And of RBS, come to that. That is not as far-fetched as it sounds. Any Conservative majority of less than 100 is really a hung Parliament. They hate each other that much. The present majority is a very great deal less than 100.

    • Mike Sivier June 12, 2015 at 9:01 am - Reply

      “Heritably liable”?

  5. alistair lazenby June 11, 2015 at 1:48 pm - Reply

    A HANGMANS ROPE FOR CAMERON FOR CORRUPTION & TREASON, SELLING SOMETHING WHICH AN’T HIS

  6. alistair lazenby June 11, 2015 at 2:06 pm - Reply

    HEADLINES….THE SUN NEWSPAPER, IN THE NEAR FUTURE. ROYAL MAIL DISBANDED, ALL TORY BUYERS,BANKS ETC LOSE BILLIONS, CAUSED BY CAMERON LETTING PRIVATE COMPANIES CHERRY PICK THE BEST CONTRACTS, ROYAL MAIL NO LONGER DELIVERS TO PARLIAMENT. MAJOR COMPANIES, FIRMS, NO ONE WANTS PRIVATE MAIL, ALL XMAS CARDS TO BE SEND TO AN INCINERATOR, PRIVATE MAIL COMPANIES TNT INCLUDED DO NOT WANT IT. HAPPY XMAS!…… CAMERON SHOT IN FOOT AND DIES. ONE SCUM DOWN MORE TO FOLLOW.

  7. Pete B June 11, 2015 at 6:03 pm - Reply

    We should Call it Tory Mail so when rural postage goes to pot,it will remind a lot of the rural Tories that they can suffer to.

  8. The Infamous Culex June 12, 2015 at 5:24 am - Reply

    What should we call the RAF when it is operated by the Virgin Group?

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