Royal Mail: Keep it public! Fight on the principle!
Big investors, and a fair few middle-class people who can afford £750 to bid for shares, stand to make large windfall gains as Royal Mail shares are allocated and start trading, from 15 October. The government has deliberately set the share price low to get a successful sell-off, and the moneyed classes are confident that new private bosses will be able to get good profits by beating down postal workers’ pay and conditions. On 16 October the postal workers’ union CWU will announce the result of a ballot on strikes to win guarantees on terms and conditions. However, the union’s campaign so far...