Opposition mounts to UK Royal Mail ownership proposals
The Royal Mail is facing growing political opposition to its proposals to transfer its ownership from the state to its employees, only days before a government-commissioned review that will determine the postal operator’s future ownership. A parliamentary motion calling on ministers to ensure the Royal Mail remains publicly owned with “all shares continuing to be owned by the government” has been signed by 57 Labour MPs. This suggests Tony Blair, the prime minister, could struggle to get the parliamentary approval needed to part-privatise the postal operator by giving a 51 per cent stake to staff. The government has a majority of only 67 in the Commons and the Tories have said they are “sceptical” about the part-privatisation plan.
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