Tag Archives: royal mail

Time to evaluate the privatisation of Royal Mail

The privatisation of Royal Mail was mooted by all the main political parties and finally happened under the last government.

Like a lot of the public sector, our postal service suffered from years of underinvestment and a failure to modernise.

The political consensus in the Thatcher years, and beyond, became public equals bad, private equals good.

Posted in Op-eds | 18 Comments

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:

Posted in News | Also tagged , , and | 11 Comments

The Independent View: Where Next for Royal Mail?

Royal Mail delivery trolleyWith privatisation done and dusted it was inevitable that the debate about Britain’s postal service would move beyond the public vs private argument.

Royal Mail is now a private company and is likely to remain so. It, of course, faced many challenges regardless of ownership which were certain to surface once it moved into the private sector. One of these is now coming across loud and clear. Namely the requirement of Royal Mail to deliver a universal delivery service to every UK address six days a week.

In response to falling profits, management and union within the company  launched a call to the regulator to require the competition to be bound by the same Universal Service Obligation as Royal Mail. This call has fallen on deaf ears.

Posted in The Independent View | 14 Comments

Charles Kennedy: Independence would “inflict huge damage” on rural Scotland

Charles Kennedy is not one for the sort of sloppy, casual scaremongering we’ve seen from both sides in the Scottish independence debate. Danny Alexander has form for it, saying, unhelpfully,  the other day that independence would be worse for Scotland than the 2008 economic crash. So when he expresses concerns about stuff, we should probably take notice.

He will be talking today about the effects of independence on rural Scotland, like the massive area he represents. He’s particularly concerned with the costs of providing the postal service.

Posted in News | Also tagged , , and | 5 Comments

The two Orange Bookers who’ve won over the Lib Dem membership

Orange_BookIt’s 10 years since The Orange Book was published. Edited by David Laws and Paul Marshall it was widely regarded as an attempt by economic liberals within the Lib Dems to wrest back control of the party from social liberals.

Both Laws and Marshall would argue their attempt at ‘reclaiming liberalism’ (the book’s sub-title) was more about re-balancing liberalism as practised by the Lib Dems — that the party had grown intellectually lazy, happiest with simply saying ‘tax more, spend more’ as the answer to every public policy problem without thinking …

Posted in Op-eds | Also tagged , , , , , , , and | 70 Comments

Vince Cable in his own words on the sale of Royal Mail

Vincent CableThe publication of a report today by the National Audit Office criticising the “deep caution” of Vince Cable’s department in setting the sale price of shares in Royal Mail has, inevitably, been leapt on by opponents of the policy. Critics who would, of course, have been equally happy crowing if the Department of Business, Innovation and Skills had set the price too high causing the flotation flop.

Vince Cable went to the despatch box of the Commons today to defend his department’s actions, making headlines for unambiguously stating, “The last thing …

Posted in Parliament | Also tagged , and | 56 Comments

LDVideo: Vince Cable praises Royal Mail’s “very good launch” onto the stock market

Royal Mail shares soared on their first day’s floatation yesterday, prompting inevitable accusations that the company had been priced too low. Here’s Lib Dem business secretary Vince Cable explaining his aim to assure long-term investment irrespective of the froth of the “spivs and speculators”:

Posted in News | Also tagged , , and | 4 Comments
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