UK Lib Dems join Royal Mail debate
Political controversy over the future of the Royal Mail continued yesterday as the Liberal Democrats called on the Government to turn down the organisation’s request for Pounds 2 billion of investment. The Treasury is considering the appeal, which is linked to a controversial employee share ownership scheme backed by the Department of Trade and Industry. But Ed Davey, Liberal Democrat trade and industry spokesman, said: “Royal Mail is in financial crisis, but a taxpayer bailout is not the solution.” The Liberal Democrats want Royal Mail to be part-privatised, with the proceeds pumped back into investment in new equipment.
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