Quizzes & Puzzles48 mins ago
The Decline Of The Uk Towards A 3Rd World Dump
continues on....the latest being the sale of the Royal Mail to some Czech outfit, a 500 year old UK company down the Labour laundry tubes to the Dump.
Disgraceful.....they're in a downward spiral as in they increase the prices of postage and their volume goes down, so what do they do - increase the prices again and watch the effect! How about promotional drops or doing deals with card companies etc around things like Christmas.
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For more on marking an answer as the "Best Answer", please visit our FAQ.It's further down the path that should never have started. In these days of e-mail there isn't likely to be a price level that both is considered to be cheap enough to use, yet sufficient to run a half decent letter service. It needs subsidising if thought necessary. Add to that profits for (foreign) owners and you can almost guarantee assets being sold off and the thing going bust. But we had politicians who seemed to think that everything had to be privatised so here's where it's brought us.
So the years of decline in RM is now down to labour, jesus whats wrong with you lot? Labour have just given the go ahead because theres not much chocie. Theres a buyer there with three and a half billion, thank your lucky stars theres someone there ready to risk that kind of money. Lets not mention what started the rot and a grest loss of business in the first place. EMAIL the latter propted the ever increasing cost of a stamp plus the same increases other busnesses have had faced mainly the cost of fuel. Stop being so silly and loading everything that happens on the shoulders of labour.
"It's labour selling it off genius!"
In fact it is its current owners, International Distribution Services who are selling it.
Royal Mail as a state-owned enterprise was sold to them in 2001, though the government retained 30% as well as a "golden share". This gave them a veto over key changes to Royal Mail's ownership, headquarters location and tax residency.
That 30% was sold to IDS in 2015 with the government retaining its golden share. This meant its approval was required for the latest sale and part of the deal again involves the government retaining its golden share.
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