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Royal Mail up for grabs

Even though the Royal Mail has been part of the UK economy for decades it now appears as though the Labour government have decided on a part privatisation of the business. Lord Mandelson today stepped forward in the House of Lords to suggest that the time had come for a major revamp of the UK Royal Mail business. Interestingly the government has already reported interest from Dutch outfit TNT in taking a stake in the business which has infuriated unions who suggest that over 50,000 jobs are now at risk.

The last few years have seen major changes in the way the Royal Mail has been run and many had seen today's announcement coming sometime ago. There have already been substantial job cuts over the last few years as the business has effectively been streamlined and refocused for the ultimate goal which appears to be privatisation. The Labour Party is now seriously risking a backlash from Labour MPs and unions alike who have always been steadfastly against a move towards privatisation.

Many people are now blaming changes to the EU regulations regarding mail delivery which sees the Royal Mail having to deliver post for competitors at rock bottom rates.

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