Post workers to protest over sell-off

Postal workers will stage a protest outside Parliament today – heralding an appearance by the Business Secretary before a committee of MPs over the controversial privatisation of the Royal Mail.
By The Newsroom
Published 9th Oct 2013, 01:01 BST

Activists will dress up as highway robbers, carrying banners saying “The Great British Royal Mail Robbery” to mark Vince Cable’s session before the Business, Innovation and Skills Committee.

The Minister will face questions on the valuation of Royal Mail, including whether or not it has been undervalued by the Government, details of the employee share scheme, protection of the universal service, and the value of company assets, including prime sites in London

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The meeting will be held after last night’s share buying deadline – with conditional trading due to start on Friday followed by full trading next Tuesday, a day before the result of a strike ballot by the Communication Workers Union is announced.

Labour and the unions have warned the Government it is selling the postal operator too cheaply, amid predictions of huge profits by investors.

It is believed that 368 of the Royal Mail’s 150,000 staff have chosen not to accept free shares in the privatised company.

Related topics:Royal MailParliamentLabourMPsGovernment