Following a readers letter, we asked GOOGLE: 'Who owns the Royal Mail?'
For most of its history, Royal Mail has been a public service, operating as a government department or public corporation. However, following the Postal Services Act 2011, a majority of the shares in Royal Mail were floated on the London Stock Exchange in 2013. The UK government initially retained a 30% stake in Royal Mail, but sold its remaining shares in 2015, ending 499 years of public ownership. It is a constituent of the FTSE 250 Index.
As of 13 January 2019, Royal Mail share value is at an all time low.
Margaret Thatcher, who as prime minister started Britain’s sell-off of public assets, was “not prepared to have the Queen’s head privatised”, a reference to the iconic stamps which bear a motif of the bejewelled monarch. So why was the Royal Mail privatised?
Fury at Royal Mail sell-off as public left in the dark over who bought £750m worth of shares. Mystery surrounds the wealthy buyers who grabbed a cut-price £750million chunk of Royal Mail on Thursday 11 Jun 2015
Our reader claims: 'it was the Yanks'.
What are your views on the following:
Source: Google
Before you comment, look at the state of the old Post Office (a Grade II listed building) at Windsor Road.
It's a disgrace to the town of Neath and is bringing our council into disrepute.
What an eyesore for visitors!
