Unions confront Lord Mandelson over Royal Mail
UK postal unions have today confronted Peter Mandelson whom they believe has refused to enter the fray with regards to the ongoing strike action purely and simply because his privatisation plans were scuppered some weeks ago. The UK government has been firmly behind the reorganisation of the Royal Mail and had intended to sell off a significant portion of the profitable side of the operation to an overseas investor. Lord Mandelson has been pushing this issue for many months and was rumoured to be furious when the government finally caved in to union demands.
In what many believe is payback time, the UK government has refused to become involved in the ongoing strike action and left Royal Mail management and unions to fight their own battles. Ultimately, without the backing of the government it seems as though the union's actions will be futile in the medium to longer term. The government has already shown its hand with regards the future of Royal Mail, which it sees as firmly in the private sector with third parties likely to become involved in the future.
There is also growing concern that the strike action at Royal Mail could be the start of another bout of union versus management conflict in other areas of the UK economy - all at a time when the UK economy has been showing signs of potential recovery.
Share this..
Related stories
What tax rises can we expect in the future?
As the UK budget deficit continues to grow it is becoming more and more evident that UK taxpayers will be footing the bill in the short to medium term. With many analysts expecting the forecast £175 billion budget deficit to be nearer £220 billion for the full tax year, what can you expect to be hit with in the years to come?
The most obvious tax which will increase in the short t...
Insider dealer jailed for eight months
A former general counsel to telecoms company TTP Communications was today jailed for three months in connection with a long-running insider dealing investigation. This is a story we covered a few days ago whereby the solicitor allegedly passed on confidential information regarding TTP Complications to his father-in-law. His father-in-law then acquired shares in the business crystallising a substan...
Read MoreIs the 45% tax rate just the thin end of the wedge?
When senior Labour ministers such as Tessa Jowell are suggesting that the UK's high earners are concerned about the ongoing situation regarding UK tax, it really is time to sit and listen. Miss Jowell has pleaded with Gordon Brown to confirm that the forthcoming introduction of a 45% band is not the thin end of the wedge, and the middle class and high-class earners will not come under further pres...
Read MoreAlistair Darling calls end of the recession in October
Leaked extracts from the forthcoming budget speech by Alistair Darling, the Chancellor of the Exchequer, have appeared today in the financial press. It would appear the Alistair Darling is ready to call the end of the UK recession in October, during his next budget speech on 22 April. Interestingly, the Chancellor will set out the recovery process for the UK economy which will see negative growth...
Read MoreKing downbeat on 'new SLS'
The replacement for the Special Liquidity Scheme (SLS) will not solve the current problems afflicting the UK mortgage market, the governor of the Bank of England has said.Speaking to the Treasury Select Committee yesterday, Mervyn King added that mortgage firms would continue to face credit crunch-induced revenue concerns.SLS was introduced by the Bank and the government earlier this year, and all...
Read More