date: 11 October 2013
embargo: For immediate release
Commenting on this week’s sell-off of Royal Mail shares, TUC General Secretary Frances O’Grady today (Friday) said:
“Privatising Royal Mail has become little different from selling five pound notes for four quid.
“No one can be blamed for wanting a share of that, but let’s not forget that this has taken something that belonged to all of us and given a large slice away for free to those who could afford an entry ticket. And everyone knows that in the long run the postal service will get worse, just as other privatised industries have ended up abusing markets and ripping off consumers.”
NOTES TO EDITORS:
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