The U.K.'s Daily Telegraph
is reporting that the Royal Mail could be partially sold off in an effort to solve the British postal service's worsening financial troubles .
Reporter Heidi Blake writes in an article about the history of Royal Mail
, "The new Conservative/Liberal Democrat coalition announced its intention to sell off the Royal Mail’s delivery business but retain the Post Office network in public ownership."
In a related article that appears in the Telegraph, Ed Davey, the Postal Affairs Minister, is quoted as saying Royal Mail’s future is in doubt without fresh investment because of a “lethal combination” of a sharp fall in revenue from the declining number of letters and parcels being sent and a growing black hole in its pension scheme.
It goes on to say, "Postal workers could be given shares in any part-privatisation so they have an incentive to improve performance. "
Shown above, a privatisation protester.
To read the entire article, click here