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  • Saturday, March 04, 2006

    Lib Dems vote for part postal privatisation

    The BBC reports on the "orange book" Lib Dems, led by Menzies Campbell (Free Marketeers) winning the vote on part privatisation of the postal service:

    The plans would see Post Office Ltd split from the Royal Mail Group. The Post Office would stay in public control.

    The Royal Mail would then go into shared ownership with a 51% majority of shares divided equally between the government and a trust for staff.

    Half of the remaining 49% would be sold directly to staff and small investors and the remaining shares would be offered for sale to the market.

    The proceeds of the sale - expected to be up to £2bn - would be used to safeguard the future of the Post Office network and the universal service obligation which the Lib Dems say are under threat from Labour.

    See all recent "A Logical Voice" posts

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