Thursday, 22 August 2013

David Cameron’s Tory-led Government are pushing ahead with plans to privatise the Royal Mail

David Cameron’s Tory-led Government are pushing ahead with plans to privatise the Royal Mail – despite the fact it made a £403 million profit last year.

David Cameron’s plans reveal once again how he stands up for the wrong people. His Government wants to sell off Royal Mail on the cheap in order to plug a financial hole in the British economy caused by George Osborne’s failed policies as Chancellor. It is an unnecessary step, which is not in the long term interests of anyone – selling off the Royal Mail will lead to poorer service and one which is aimed at providing profits to shareholders, not serving the UK.

We all rely on a daily delivery service but places where it is expensive or complicated to deliver the post every day could be made vulnerable. Many of us might also find ourselves having to travel miles to pick up our large parcels as a privatised Royal Mail could choose to sell off its assets such as nearby delivery offices and local post offices that rely on the Royal Mail for much of their business could be under threat as they look to cut costs. 96% of Royal Mail workers are opposed to these plans.

The worst part is that there is no need to do this. The Royal Mail made a £400m profit last year. But while we could all pay more for the cost of postage, there’s a real risk this extra money will just line the pockets of private investors and not be invested back into the service. The taxpayer has already taken on the Royal Mail pension losses and the Government want the taxpayer to also give away the profit – it is the taxpayer who should benefit from a modernised, profitable Royal Mail, not private investors.

We all take our daily delivery for granted but for the sake those of us who rely upon it, I hope you will support my calls for the Government to think again about selling off a successful, long-standing British institution. The British public should not lose an important asset, especially at a time when it is making a good return on taxpayer’s investment. I opposed the Postal Services Act 2011 when the Government legislated for this privatisation and I remain opposed to the plans.