Category Archives: Vince Cable

Politics news allsorts

Comment and analysis of recent UK politics events. Major Tory party donor chosen as chair of government nature watchdog Like it says but apparently totally coincidental that an investment banker is appointed head of wildlife and nature watchdog, Natural England. … Continue reading

Posted in David Cameron, Nick Clegg, politics, privatise, Royal Mail, Vince Cable | Tagged , , , , , , , , , , | Leave a comment

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 … Continue reading

Posted in David Cameron, Ed Miliband, Nick Clegg, politics, privatise, Royal Mail, Vince Cable | Tagged , , | Leave a comment

Royal Mail privatisation: Goldman Sachs and UBS to be grilled by MPs

http://www.theguardian.com/uk-news/2013/nov/14/royal-mail-flotation-mps-question-banks Investment banks to be asked in Commons why sale of asset favoured foreign investors and if float price was set too low The investment banks tasked with allocating shares in last month’s controversial Royal Mail float face a grilling … Continue reading

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MPs summon bankers to explain their valuations of Royal Mail

http://www.theguardian.com/uk-news/2013/nov/08/mps-bankers-valuations-royal-mail-sale-taxpayers MPs investigate whether the £3.3bn sale of shares in the Royal Mail shortchanged taxpayers MPs investigating whether last month’s £3.3bn sale of shares in the Royal Mail shortchanged taxpayers have summoned City bankers to explain how they put a … Continue reading

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Privatisation, a very British disease

http://www.opendemocracy.net/ourkingdom/joe-guinan-thomas-m-hanna/privatisation-very-british-disease JOE GUINAN and THOMAS M. HANNA Britain is an extreme oddity regarding privatisation: nowhere else in the advanced world is there such a willingness to sell everything that isn’t nailed down. Time and again the British public is ripped … Continue reading

Posted in David Cameron, George Osborne, Leon Brittan, NHS, Nick Clegg, politics, Royal Mail, trade unionism, UK history, Vince Cable | Tagged , , , , , | Leave a comment

‘Public ownership a winner’ say Communists

http://www.communist-party.org.uk/index.php?option=com_content&view=article&id=1834%3Apublic-ownership-a-winner-say-communists&catid=132%3Apress-statements&Itemid=167 Communist Party trade union organiser, Anita Halpin, has welcomed the upsurge in strikes and demonstrations against the Tory-led government’s austerity and privatisation.  Addressing the Party’s Executive Committee in Cardiff this weekend, she accused the Tories, Liberal Democrats, and big … Continue reading

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Postal workers’ strike: Royal Mail should expect a battle royal

http://www.theguardian.com/commentisfree/2013/oct/16/postal-workers-strike-royal-mail-cwu-privatisation It’s been a case of third time unlucky for the postal workers’ union (CWU). It defeated the privatisation of Royal Mail in 1994 under the Tories and again in 2009 under Labour. Despite employing similar tactics of political lobbying … Continue reading

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Royal Mail offers £300 to postal workers to cross picket lines

http://www.theguardian.com/uk-news/2013/oct/15/royal-mail-cross-picket-lines-strike   The Royal Mail is offering a £300 bonus to any of its 150,000 staff who cross the picket line in any forthcoming nationwide postal strikes. Moya Greene, its chief executive, wrote to all employees before Wednesday’s strike ballot … Continue reading

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Postal workers push ahead with strike plans over pay and conditions

http://www.theguardian.com/business/2013/oct/13/postal-workers-strike-ballot-pay-conditions Postal workers union says staff concerns are about longer term issues not Friday’s 38% rise in the price of free shares Royal Mail staff are pushing ahead with plans for strikes in the run up to Christmas as the … Continue reading

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Royal Mail refusenik calls share offer ‘a step backwards’

http://www.theguardian.com/uk-news/2013/oct/10/royal-mail-refusenik-share-offer Postman Paul Firmage, one of only 368 employees to have turned down the £2,200 of free shares, says they are ‘little more than a bribe’ Of the 150,000 Royal Mail employees, just 368 have turned down the £2,200 of … Continue reading

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Royal Mail shares: City broker says shares are undervalued by 80% as investor bonanza and questions for Vince Cable loom

http://www.independent.co.uk/news/uk/home-news/royal-mail-shares-city-broker-says-shares-are-undervalued-by-80-as-investor-bonanza-and-questions-for-vince-cable-loom-8870740.html A City stockbroker has said the Royal Mail £3.3billion sell off could have been underpriced by up to 80 per cent. Canaccord Genuity believe the Royal Mail should be valued at a sum closer to £6billion, or 559p per … Continue reading

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Royal Mail warns thousands will lose jobs after sell-off

http://www.theguardian.com/uk-news/2013/oct/09/royal-mail-warns-thousands-job-losses Company spokesman indicates substantial job losses following controversial privatisation of 500-year-old institution Royal Mail has warned that thousands of postal workers will lose their jobs following its controversial privatisation. On Tuesday the 500-year-old national institution saw unprecedented demand for … Continue reading

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Royal Mail shares demand outstrips supply

http://www.theguardian.com/uk-news/2013/oct/08/royal-mail-shares-demand-outstrips-supply Huge interest among members of the public will hit institutional investors, but hundreds of staff refuse allocation of free shares Dozens of banks, hedge funds and other institutional investors will be prevented from buying any Royal Mail shares as … Continue reading

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The Royal Mail sale is grotesquely illogical

Guardian source … “There’s no way we will sell Royal Mail ‘on the cheap,’” promised the government in its “myth-busters” factsheet. Yet this is precisely what it is doing; the valuation is believed by many experts to be on the … Continue reading

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Royal Mail being sold off ‘cheap’, says Umunna

http://www.publicfinance.co.uk/news/2013/10/royal-mail-being-sold-off-cheap-says-umunna/ The government’s plan to privatise the Royal Mail amounts to ‘flogging off a national institution on the cheap’ and could leave taxpayers shortchanged by future asset sales, Labour’s shadow business secretary has warned. Chuka Umunna said the plan to … Continue reading

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Privatisation will threaten Royal Mail’s six-day service, warns campaign group

[Well of course the service will suffer, postage charges will rise, postmen and women will be sacked – that’s what businesses do to make money. Many Tory and Liberal-Democrat-Tory MPs reassure their constituencies that the opposite is true. They’re lying. … Continue reading

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