Royal Mail sale plans 'delayed'
Government plans to sell a minority stake in Royal Mail to a private firm may be delayed, Lord Mandelson says.
Source: news.bbc.co.uk
Comments
Simon James, Gore Browne Investment Management, 2009-06-29 11:40:11
The runes seem to indicate that to proceed with this before the next election would be too difficult politically for Labour. It does however need to be done. Over the next few years we should expect Governments of whatever flavour to progress with privatisations. In addition to the Royal Mail, the bank stakes should go, and there are other potential sales too. Outsourcing, PFI, spending cuts and other ways of improving the UK balance sheet and budgetary position will all be required.