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Coalition government undecided on Royal Mail sale

Despite indications early last week that the Royal Mail will be part privatised it is believed that the Conservative party and the Liberal Democrat party are at loggerheads with regards to what percentage of the company could be sold to a third party. This is a re-emergence of a similar deal suggested by Lord Mandelson a few months ago, which was flatly rejected by the unions, and would suggest that the UK government could again attract the wrath of the unions.

The Communication Workers Union has already signalled that it isn't happy with the proposed deal and we are certain to see more strike activity if the plan is put in place. It would be easy to suggest that union activity will increase under a Conservative/Liberal Democratic government but the truth is that even the Labour Party, at the centre of the union movement, was fighting a losing battle against the unions in the final months of its tenure.

There would appear to be a number of third parties hovering over the Royal Mail and looking to potentially take a minority stake. although what kind of price this would attract remains to be seen. It is also worth noting that the Royal Mail is expected to confirm a pension fund deficit of £10 billion next month, something which will need to be addressed before any potential sale of a share of the business.

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