Hypocrisy: Vince Cable sold Royal Mail at a bargain price so the buyers could make a fortune on the property value of its sorting offices – and now he is complaining about it.

This is the reason the Liberal Democrats won’t be winning any major elections in the near future.

Vince Cable is, it seems, protesting to the Royal Mail over the planned sale of its Hampton sorting office:

The last statement is erroneous – deliberately? Royal Mail still delivers mountains of letters every day; the difference is, its employees are now worked to the bone by the greedy, profit-driven owners Vince Cable forced on them.

As for the sorting office, I’ll turn you over to Tom Clark’s excellent article on his website, Another Angry Voice:

In the Autumn of 2013 Vince Cable was the Tory/Lib-Dem Coalition minister who sold off the Royal Mail to a bunch of private profiteers at way below its market value. In 2017 he has the absolute brass neck to complain about the consequences of that sale.

Vince knew that he was ripping off the public by flogging the Royal Mail at way below its real market value, but he simply didn’t care.

Vince knew that public opinion was dead set against the sell-off, with 67% of the public against to just 20% in favour, but he went ahead anyway.

Vince knew that Royal Mail sorting offices across the nation were sitting on prime bits of development land worth £billions, and that the sale of just a few of these sorting offices would recoup the entire £2 billion price he flogged the Royal Mail off for.

When Vince Cable flogged off the Royal Mail in 2013 he valued the 6.25 acre Mount Pleasant sorting office at £29 million. Just a few years later in 2017 the private owners flogged it off to developers for £193 million.

A cool £164 million profit at the public’s expense.

In hindsight the sale of the Royal Mail has been described as “crony capitalism at its worst“ and the widespread predictions that the private owners would cash in on the property portfolio have come true.

You should visit AAV and read the rest of what he has to say.

Mr Clark added: “Vince Cable was responsible for one of the most brazen public swindles of the Coalition government, but he’s so arrogant that he thinks that everyone will have just forgotten by now.”

If that’s accurate, the following would suggest that Vince Cable thought wrong:

https://twitter.com/TrueBlueRMC/status/976083733324419072

Want to know what Royal Mail employees think of this? Read the following:

https://twitter.com/Peem_Broon/status/976143135691730945

It all adds up to one major point – a point that the people protesting the closure of the Hampton sorting office should take to heart:

If anyone wants their campaign to succeed, they need to ensure that Vince Cable has nothing to do with it – and that’s why the Liberal Democrats won’t be winning any major elections any time soon.

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