Press release: Royal Mail privatisation prospectus “totally ignores political opposition to sale” | Save Our Royal Mail

28.9.13

Press release: Royal Mail privatisation prospectus “totally ignores political opposition to sale” | Save Our Royal Mail

Royal Mail privatisation prospectus “totally ignores political opposition to sale”
-         Investors being misled
The Royal Mail privatisation prospectus, issued today, totally ignores political opposition to the sale. Alongside recognised problems such as industrial action and a legal challenge to Royal Mail’s VAT exemption on bulk mail, there are a number of fundamental political risks that the prospectus fails to mention.
These include:

• Scottish National Party and Plaid Cymru policy of renationalising Royal Mail in Scotland and Wales
• The Labour Party conference voting to renationalise Royal Mail
• The Labour opposition seeking a vote in Parliament to halt the sale
• Labour Party policy on the future of Royal Mail

Save Our Royal Mail Campaign Director Mario Dunn said: “Many investors will be unaware of these pressures. The Government is misleading the market over the political pressures facing the sale.