Privatisation of the Royal Mail
Privatisation of the Royal Mail
A lot of folk, myself included, were always brought up to vote Labour. They were always the best option we had. I've been a member since 16, but even I doubt that now.
I wasn't old enough to vote in 97, but whenever I speak to people about it, I always hear that there was a real buzz in the air in the mid-90s. The thought of a Labour government getting in and the Tories finally being kicked out of the door. Blair and New Labour had won a lot of people over. Even those that had even declared never to vote Labour again. In the end though? I do feel we massively progressed as a nation, but at what cost has this come?
You could argue that this coalition is hitting people harder than Thatcher ever did. But even with that being said, there is no buzz about Labour any more. They have not come up with a single credible policy since 2010. Miliband asked at the TUC if he is for or against austerity - couldn't give a straight answer.
A lot of folk, myself included, were always brought up to vote Labour. They were always the best option we had. I've been a member since 16, but even I doubt that now.
I wasn't old enough to vote in 97, but whenever I speak to people about it, I always hear that there was a real buzz in the air in the mid-90s. The thought of a Labour government getting in and the Tories finally being kicked out of the door. Blair and New Labour had won a lot of people over. Even those that had even declared never to vote Labour again. In the end though? I do feel we massively progressed as a nation, but at what cost has this come?
You could argue that this coalition is hitting people harder than Thatcher ever did. But even with that being said, there is no buzz about Labour any more. They have not come up with a single credible policy since 2010. Miliband asked at the TUC if he is for or against austerity - couldn't give a straight answer.
According to Chuka Umunna this morning, the value put onto the Royal Mail by the Tories is significantly lower than it should be - they have failed to reflect or take into account the value of the land included in the sale.
A cynic may suggest the decision was a deliberate one.
After all, how many people would love to get their hands on prime real estate for peanuts?
(06 Oct 2013, 9:30 am)Andreos1 According to Chuka Umunna this morning, the value put onto the Royal Mail by the Tories is significantly lower than it should be - they have failed to reflect or take into account the value of the land included in the sale.
A cynic may suggest the decision was a deliberate one.
After all, how many people would love to get their hands on prime real estate for peanuts?
(06 Oct 2013, 9:30 am)Andreos1 According to Chuka Umunna this morning, the value put onto the Royal Mail by the Tories is significantly lower than it should be - they have failed to reflect or take into account the value of the land included in the sale.
A cynic may suggest the decision was a deliberate one.
After all, how many people would love to get their hands on prime real estate for peanuts?
(06 Oct 2013, 10:40 am)aureolin Well that's well and truly devalued that statement in your first four words. Chuka Umunna appears to be Labour's "next big thing", but he's about as much use as a chocolate fireguard.
Are they actually selling the land/estates? Surely this makes it difficult for it to be put out for tender again at the end of the PPP? The new land/estates owner would be under no obligation to sell as far as the law of the land goes. It'd make more sense for the land/estates to be leased to whoever wins the tender for the duration of that contract - a tactic that hasn't been uncommon in previous government PPPs.
It's not like we're selling Gold at a rock bottom price mind...
(06 Oct 2013, 10:40 am)aureolin Well that's well and truly devalued that statement in your first four words. Chuka Umunna appears to be Labour's "next big thing", but he's about as much use as a chocolate fireguard.
Are they actually selling the land/estates? Surely this makes it difficult for it to be put out for tender again at the end of the PPP? The new land/estates owner would be under no obligation to sell as far as the law of the land goes. It'd make more sense for the land/estates to be leased to whoever wins the tender for the duration of that contract - a tactic that hasn't been uncommon in previous government PPPs.
It's not like we're selling Gold at a rock bottom price mind...
So Royal Mail shares will start trading at 330p each, and there has been a big demand for them. Lets see what they trade like through the day.
Easy money by the looks of it.
Another sell off by a Tory Government, that gives them an easy few quid.
It is a shame the organisation/s who ends up purchasing the Royal Mail will make even more money than the Government have done.
There are some interesting comments on the bbc website (www.bbc.co.uk/news/business-24480450).
http://www.independent.co.uk/news/busine...14815.html
Inevitable...
Sells shares for peanuts, value rises through the roof and profits jump massively.
Selling off that Golden Egg - when it could have brought millions into the public purse and spent on schemes and projects to benefit the majority, rather than the minority.
(04 Jun 2015, 1:49 pm)Andreos1 Gideon has announced the Government are to sell of a 30% share of the Royal Mail.
Will it ever end?
Just glad I am not his Grandma - I would be fearing for my life and worried he would sell me too!
https://twitter.com/CWUnews/status/921338957840953345
Campaign video by @weownit.
So, merely a few years after it was privatised, the Royal Mail has paid out £68m to shareholders after bosses boosted its interim dividend per share by 4pc to 7.7p
Imagine all the good things it could have been spent on, if all that money was paid in to the public purse?