Government plans to sell-off the Royal Mail in the biggest privatisation for 30 years have sparked a mixed reaction in today’s papers.
- This does not affect the Post Office – although options on mutualisation will be considered. No Post Offices will close.
- A majority stake will be floated on the stock exchange
- The 6 day a week flat rate service is set in stone.
- 10% of shares available for employees, free to the employee, to either give them a cash windfall or a say in how the company is run.
There are some challenges to be overcome. First of all, the Communications Union is already opposed and will no doubt do what they can to disrupt the sale.