Royal Mail to be sold or privatised

Royal Mail to be sold or privatised

pbr The Government is to press ahead with controversial privatisation plans for the Royal Mail after a report it commissioned warned that "urgent action" was needed to protect the service.br ppbr An updated version of a study originally ordered by the Labour government called for private investment, which will revive huge controversy over ownership of the group.br ppbr Richard Hooper, a former deputy chairman of Ofcom, the communications regulator, said the Royal Mail's financial position had worsened since his earlier report and the group's £10 billion pension deficit was more unsustainable.br ppbr He called for an injection of private capital into the business, arguing that it would fund increased modernisation of the postal service.


User: ODN

Views: 51

Uploaded: 2010-09-10

Duration: 01:12