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cmonstanley · 10-06-2011, 19:28

thats it while weve been hood winked by britains got talent and rubbish tv the goverment are pushing through the privatision of the post office and it will cost 10.1 billion of tax payers money for the privilege to make the privileged more money its a disgrace and people were calling the posties when they went on strike way back i siad it would be a stich up and i know this was started by blair and mandelson as i stated here http://www.accringtonweb.com/forum/f...are-50031.html

The Royal Mail is to be privatised as early as next year after Parliament approved the plan which could cost £10.1bn of public money – £1.7bn to 'bail out' the service and £8.4bn to cover the pension deficit.

The plans protect the 'universal postal service' in its current form for at least the life of the current Parliament and the Post Office network will remain intact. Also, Royal Mail staff will be given a stake in the new private company. However, unions are working with The Royal Mail to manage the loss of 8,000 jobs a year until 2013.

Postal services have suffered in recent years with the advent of e-mail, the internet and mobile phone texting. This has seen The Royal Mail's profits plummet by 73 per cent in one year and mail volumes are expected to fall by another 40 per cent over the next five years.

The postal services minister Ed Davey said The Royal Mail needed to be on a "sustainable commercial footing" if the public was to continue to receive the level of service that it does at the moment.

"The company currently has around £1.7bn of debt facilities with the government," he said. "We intend to restructure the company's balance sheet in due course ... [and] we will need to reduce significantly that level of debt."

He added that the government would need "approval from the European Commission to provide this financial support".

The Business Secretary Vince Cable said: "Royal Mail and the Post Office are important and cherished parts of our society. Passing the legislation, reforming regulation, getting state aid approval, tackling the pension deficit – these are all vital steps that will provide momentum towards a sale of Royal Mail. They will also give the company the security and certainty it needs to press ahead with its essential modernisation programme."

But Billy Hayes, general secretary of the Communication Workers Union, took a swipe at Cable.

"The fact of the matter is the British public don't want to see the Royal Mail privatised," the union man told Sky News. "Vince Cable is flogging this company to the very people he denounced at the Liberal party conference – the spivs, the speculators and those who just want to make a fast buck."

10-06-2011, 19:28	#1
cmonstanley God Member Join Date: Jul 2006 Location: defending the union Posts: 5,540 Liked: 117 times Rep Power: 5287	say goodbye to affordable postage thats it while weve been hood winked by britains got talent and rubbish tv the goverment are pushing through the privatision of the post office and it will cost 10.1 billion of tax payers money for the privilege to make the privileged more money its a disgrace and people were calling the posties when they went on strike way back i siad it would be a stich up and i know this was started by blair and mandelson as i stated here http://www.accringtonweb.com/forum/f...are-50031.html The Royal Mail is to be privatised as early as next year after Parliament approved the plan which could cost £10.1bn of public money – £1.7bn to 'bail out' the service and £8.4bn to cover the pension deficit. The plans protect the 'universal postal service' in its current form for at least the life of the current Parliament and the Post Office network will remain intact. Also, Royal Mail staff will be given a stake in the new private company. However, unions are working with The Royal Mail to manage the loss of 8,000 jobs a year until 2013. Postal services have suffered in recent years with the advent of e-mail, the internet and mobile phone texting. This has seen The Royal Mail's profits plummet by 73 per cent in one year and mail volumes are expected to fall by another 40 per cent over the next five years. The postal services minister Ed Davey said The Royal Mail needed to be on a "sustainable commercial footing" if the public was to continue to receive the level of service that it does at the moment. "The company currently has around £1.7bn of debt facilities with the government," he said. "We intend to restructure the company's balance sheet in due course ... [and] we will need to reduce significantly that level of debt." He added that the government would need "approval from the European Commission to provide this financial support". The Business Secretary Vince Cable said: "Royal Mail and the Post Office are important and cherished parts of our society. Passing the legislation, reforming regulation, getting state aid approval, tackling the pension deficit – these are all vital steps that will provide momentum towards a sale of Royal Mail. They will also give the company the security and certainty it needs to press ahead with its essential modernisation programme." But Billy Hayes, general secretary of the Communication Workers Union, took a swipe at Cable. "The fact of the matter is the British public don't want to see the Royal Mail privatised," the union man told Sky News. "Vince Cable is flogging this company to the very people he denounced at the Liberal party conference – the spivs, the speculators and those who just want to make a fast buck." __________________ www.private-eye.co.uk Last edited by cmonstanley; 10-06-2011 at 19:33.