Tag Archives: privatisation

Vince’s Royal Mail privatisation: independent report concludes “the right decisions were made”

An independent report by Lord Myners published today has concluded Vince Cable and the Government made “the right decisions” during the process of selling off Royal Mail.

royal mail sell off

The BBC explains the background:

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Opinion: We are still living with the consequences of nationalised railways today. Turning back the clock will make matters worse.

Northern trainIn a letter to the Observer a group of Labour PPCs, including my opponent Joshua Fenton-Glynn, have proposed that the Labour should nationalise rail services.

This idea displays an ignorance of the true cause of the problems with UK railways that beggars belief. Almost every issue with rail transport can be traced not to privatisation per se, but to nationalisation, or the insufficiently liberal privatisation foisted upon us by the Major government.

In the 1980s investment in rail was at an all time low, due entirely to the nationalised nature of …

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Majority of Lib Dem members back Vince’s Royal Mail privatisation plans

Lib Dem Voice has polled our members-only forum  to discover what Lib Dem members think of various political issues, the Coalition, and the performance of key party figures. More than 600 party members have responded, and we’re publishing the full results.

Royal Mail privatisation backed by 55% to 41%

The Government has announced plans to privatise Royal Mail. 90% of shares will be made available for purchase by the public, with 10% given to postal service employees for free. To what extent do you support or oppose plans to privatise the Royal Mail?

    16% – Strongly support

    39% – Tend to support

Posted in LDV Members poll | Also tagged , and | 3 Comments

Vince Cable announces Royal Mail privatisation

Today Vince Cable announced, to no surprise whatsoever, that the Royal Mail is to be privatised.

Key points

  • 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.

Why privatise?

Under public ownership there is simply not the freedom to raise capital in the markets. A share sale will

Posted in News | Also tagged and | 32 Comments

Opinion: nationalising the railways is the only sensible option

With the current scramble by the new coalition to find savings and reduce the size of government, it is perhaps a strange time to be proposing that, in one area at least, the state should expand its remit, but the case for renationalising the railways has never been stronger.

I am certainly not a fan generally of nationalisation of anything, and still think that the coalition should flog the Tote, Channel 4, the Channel Tunnel Rail Link etc, but think that the British Railways must return to public ownership, not for reasons of ideology or sentiment, but simply because there is …

Posted in News and Op-eds | Also tagged | 35 Comments

Opinion: We must fight the Tories’ plans to privatise the education system

I couldn’t help but to raise an eyebrow at the Telegraph’s recent front page splash, in which David Cameron unveiled his education plan for the future: “a new generation of comprehensive schools.”

Say what? Has he at last morphed into Tony Blair, grin and all? Well, no. The truth behind the headline (as usual with the Tories) is more sinister – and a glimpse of this truth could be found in the Telegraph’s leader on the story. It says:

Charities, private companies and parents’ groups will also be allowed to set up schools – competing with existing primaries

Posted in Op-eds | Also tagged , , , , , , and | 43 Comments
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