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John Drake

Royal Mail privatisation

Are you in favour of Royal Mail privatisation?   28 members have voted

  1. 1. Are you in favour of Royal Mail privatisation?

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      5
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140 posts in this topic

Well, shares are now at 550p, which means I'm sat on a lovely little profit. All those years pouring money into it on the pretense I actually "owned" it blown out of the water.

 

I was worried for a minute, no post for 2 days, perhaps the wailing from certain sections of society that the service would collapse was coming true, yet tonight, post on the hall floor! Admittedly is was junk but it was good to know that the service wasn't dead in the water and my employees hadn't lost the ability to find the letter box.

 

God bless Maggie.

assuming you are telling the truth

why do you feel the need to come on here and brag about it? Smug? Uncool? Crass? Arrogant? take your pick or more than likely  a sickening amalgam of all of them

When I earn money how much I earn and how I earn it  is my affair.

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Didn't Railtrack start off like this. All the investors (aka opportunists) got out fairly sharpish leaving inexperienced long term thinking Joe Public with worthless shares, this after Maggie's mates had for loads of big contracts.

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God bless Maggie.

Probably inappropriate now as I'm sure she's privatised heaven and replaced God with one of her cronies. Blessings cost 25% more prayer now than in the past and many are claiming them on expenses.

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Probably inappropriate now as I'm sure she's privatised heaven and replaced God with one of her cronies.

Bernard Ingham, Russell Harty, or Richard Whiteley.

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Probably inappropriate now as I'm sure she's privatised heaven and replaced God with one of her cronies. Blessings cost 25% more prayer now than in the past and many are claiming them on expenses.

 

Where she's gone she will not have a chance privatising god. Put it this way, she won't be needing her winter fuel payments to keep her warm any time soon. ;)

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God bless Maggie.

 

God had no influence over her when she was alive, she is most definitely beyond reach now.

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agree entirely. She did more good for the UK than god ever did. the sad thing is the she was not able to finish the job.

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The thing about all of this is that no-one asked the public what we want.  The Royal Mail was treated as a standard company rather than a national service.  It's the same with other organisations that have been privatised, profit before service.

 

If they'd taken the time to ask the public what they want then I really doubt that they'd have said "my number one priority is to allow them to compete more efficiently against other companies".  It'd be down about the bottom with "I want Royal Mail senior managers to be paid more".  It was sold at a seriously undervalued price, service isn't going to improve, jobs are being cut and the public go from being the primary focus of a state service provider to being the cash cow of a private company.

 

Anyway, how will this allow them to "compete" more effectively?  Will they be cutting consumer prices?  Will they be reinforcing their delivery promises?  Will they be returning a second post?  Hiring more posties?  I think the answer is "none of the above, we just want to increase the profit we make so we can get higher bonuses and make bigger dividend payments".

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The thing about all of this is that no-one asked the public what we want.  The Royal Mail was treated as a standard company rather than a national service.  It's the same with other organisations that have been privatised, profit before service.

 

If they'd taken the time to ask the public what they want then I really doubt that they'd have said "my number one priority is to allow them to compete more efficiently against other companies".  It'd be down about the bottom with "I want Royal Mail senior managers to be paid more".  It was sold at a seriously undervalued price, service isn't going to improve, jobs are being cut and the public go from being the primary focus of a state service provider to being the cash cow of a private company.

 

Anyway, how will this allow them to "compete" more effectively?  Will they be cutting consumer prices?  Will they be reinforcing their delivery promises?  Will they be returning a second post?  Hiring more posties?  I think the answer is "none of the above, we just want to increase the profit we make so we can get higher bonuses and make bigger dividend payments".

 

Spot on. And in the mean time the country finds it has 1,600 more "shirkers" to support on it's hands. But hey, the share holders will be making a nice return so all's well with the world. :dry:

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Interesting that you always chose the negative not the positive: http://www.bbc.co.uk/news/uk-england-humber-26725473http://www.bbc.co.uk/news/uk-england-humber-25431317http://www.theguardian.com/business/2014/mar/20/hitachi-uk-rail-move-government-boosthttp://articles.economictimes.indiatimes.com/2014-03-20/news/48401984_1_halewood-plant-range-rover-evoque-land-rover-freelander

 

The Royal Mail employs, I understand, 150,000 people.

 

The proposed job losses are mainly " management", something I though might be popular in "The People's Republic of the TRL Fans Forum"

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And all welcome news, but they're not Royal Mail, the subject of this thread. :rolleyes:

 

And, for your information, I never think job losses are a good thing regardless of which strata of the workforce they are being lost from. 

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No privetisation has ever resulted in either a better service for the customers or lower prices - be warned, coming soon to a Post Office near you, the £1 First Class stamp for post that arrives at the same time as a second class stamp.

Yes it has.

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And all welcome news, but they're not Royal Mail, the subject of this thread. :rolleyes:

 

And, for your information, I never think job losses are a good thing regardless of which strata of the workforce they are being lost from. 

 

can't take it in isolation, though.  Although allegedly "The vast majority of employees impacted will be in the Group’s operational and head office managerial population. There is no impact from this initiative on frontline employees, including postmen and women, or the services Royal Mail provides to its customers."  maybe the Royal Mail will lose staff in the Humber region to take up possibly higher paid jobs in the renewable energy sector.

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Didn't take long did it? Royal Mail plans to cut 1,600 jobs

The article also says that 50,000 employers have left their employment since the year 2003, long before privatisation. Having being one of the recipients of their extremely generous voluntary exit settlements in that period and providing the status quo still exists (the longest serving employer wishing to leave gets first chance, not last in first out,) then IMO there will be a queue a mile long to accept redundancy.

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The article also says that 50,000 employers have left their employment since the year 2003, long before privatisation. Having being one of the recipients of their extremely generous voluntary exit settlements in that period and providing the status quo still exists (the longest serving employer wishing to leave gets first chance, not last in first out,) then IMO there will be a queue a mile long to accept redundancy.

 

Oh, now you've done it!  You can't come on here posting stuff like that!  :)

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The business secretary, Vince Cable, has refused to apologise over the government's privatisation of Royal Mail, despite a scathing report from the National Audit Office, which said undervaluing the share sale had cost the taxpayer £750m in a single day.

http://www.theguardian.com/uk-news/2014/apr/01/royal-mail-sell-off-chuka-umunna-urgent-question

 

There's a deep rooted sickness in this country, and this is another fine example of it. This goes far beyond mere incompetence. It is corporate robbery.

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The thing that's missed so far by most commentaries on this is that despite the public share of the sell off being vastly over-subscribed, the government withheld a substantial number of shares for investment banks and other institutional investors called "priority investors".  The excuse was that they were more likely to hold the shares and provide stability when in reality of the 16 priority investors, 10 sold up entirely within a very short period to cash in on the share price surge.  A bit of a nasty whiff about that one...

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The thing that's missed so far by most commentaries on this is that despite the public share of the sell off being vastly over-subscribed, the government withheld a substantial number of shares for investment banks and other institutional investors called "priority investors".  The excuse was that they were more likely to hold the shares and provide stability when in reality of the 16 priority investors, 10 sold up entirely within a very short period to cash in on the share price surge.  A bit of a nasty whiff about that one...

 

Cable trusted the banks. I mean, for heaven's sake, he trusted the banks!!! For that idiocy alone he's proved himself unfit to hold office.

 

Anyone with any honour would resign after losing the taxpayer £750 million, that's if he was given long enough to make the decision himself before being sacked.

 

Honour. Now there's a dirty word these days.

 

Bumbling old Vince. Imagine the sanctimony if he'd been sat on the opposition benches and someone else had engineered this disaster. It's not as if the country is short of money or anything...

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The Tories found a way of moving money into the hands of rich people

That's what they do, that's why they are Tories.

Blame the working class saps that vote for them thinking that the Tories will ever consider them.

Take the Olympics we needed to invest in improving our rowing venue. The National centre Holme Pierpoint in Nottingham needed some money spending on it to make it a central venue for the people of this country.

The Prime Ministers public school Eton also needed an upgrade in order that the children of the rich could have first class facilities. It's a no brainer give the money from the peoples Olympics to Eton.

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Is anyone surprised by any of this?

No since the people who advised the government as to what the price should be were the same people who were going to buy the shares. There was a guy on World at One saying it had been a great success, they'd sold all the shares.   The sort of success where if you go into the street and offer fivers for three quid, that type of success!

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The thing that's missed so far by most commentaries on this is that despite the public share of the sell off being vastly over-subscribed, the government withheld a substantial number of shares for investment banks and other institutional investors called "priority investors".  The excuse was that they were more likely to hold the shares and provide stability when in reality of the 16 priority investors, 10 sold up entirely within a very short period to cash in on the share price surge.  A bit of a nasty whiff about that one...

I never knew that but I am not entirely surprised by it.

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The old saying of "vote Lib Dem, get Tories" was never more apparent than in this sorry tale...

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