I don't want Royal Mail

[BCram]

There was an article in the Business section of the Sunday Times newspaper a couple of weeks ago about the Royal Mail being taken over.
It said that the new owner is likely to install boxes in shops where householders have to go to collect their mail.
This will reduce the number of posties as it will be much quicker to deposit mail in individual boxes than delivering it to every house on their route.
Reducing the delivery of second class mail to three times per week is also likely to happen.
Two years ago getting our mail delivered three times per week on Islay would have been bonus as due to a lack of posties our mail was being delivered once a week in a bundle.

My concern is that selling the shares to yet another foreigner is not a sensible thing to do. What assets are being sold, what liabilities might be dumped on tax payers. Smart financial manoeuvres run rings round commonsense, imo. Look at the state of water companies. The profits they make are tiny compared to the cost of of rebuilding or renewing Victorian facilities.
I am fed up of financial chicanery making millions for bosses to the detriment of us all. The unions have to change their approach imo. Hoping that a Labour Government will make things better is very unlikely to work out and I don't think moving over to Farage will be successful either.

[islaydarkblue]

My concern is that selling the shares to yet another foreigner is not a sensible thing to do. What assets are being sold, what liabilities might be dumped on tax payers. Smart financial manoeuvres run rings round commonsense, imo. Look at the state of water companies. The profits they make are tiny compared to the cost of of rebuilding or renewing Victorian facilities.
I am fed up of financial chicanery making millions for bosses to the detriment of us all. The unions have to change their approach imo. Hoping that a Labour Government will make things better is very unlikely to work out and I don't think moving over to Farage will be successful either.

It is the Royal Mail shareholders who will receive the money handed over to purchase Royal Mail. If Royal Mail had recently required substantial new funding they would have had a ‘right issue’ with their existing shareholders having the opportunity to purchase more shares in Royal Mail.