Politics news allsorts

Commentary and analysis of recent UK politics news.

I found Cameron’s joke quite amusing: “It’s fair to say he’s no longer a follower of Marx, he’s loving Engels instead.”

 

Vince Cable defends Royal Mail valuation as profit almost doubles

Image of Royal Mail postbox

The business secretary, Vince Cable, defended the government’s valuation of Royal Mail on Wednesday after solid results from the newly privatised group sent its shares even higher.

Royal Mail was privatised last month when the government sold 60% of its stake to investors in an initial public offering (IPO).

Royal Mail shares were up 5% by mid-morning on Wednesday to 559.5p – 70% higher than the flotation price of 330p. Its market value has increased by £2.3bn since the flotation, which valued Royal Mail at £3.3bn.

Operating profit for the six months ended 29 September was £283m, up from £144m a year earlier.

Comment: The case that tells us what kind of country Britain is

His name is Isa Muazu. He is wasting away.

Locked in a cell just outside Heathrow, out of sight from the holidaymakers and business visitors, he can no longer get up off his mattress. He has not eaten in over 90 days. He can no longer stand or see. He struggles to talk.

On Friday, at 8:00 am, he will be forcibly put on board a flight and sent to Lagos, where he says he will be targeted by Islamic terror group Boko Haram. He was due to be deported tonight, but the Home Office has ordered new removal directions. Needless to say, he will be even weaker on Friday.

In a decision which has no legal, medical or moral consistency given the ‘end of life’ plan, a Home Office doctor has branded Muazu ‘fit to fly’. Yesterday morning, independent doctors visited him as he lay on the mattress in the detention centre and decided the precise opposite. There is a strong chance this man will die when he is deported.

 

This entry was posted in David Cameron, Ed Miliband, Nick Clegg, politics, privatise, Royal Mail, Vince Cable and tagged , , . Bookmark the permalink.

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