I'm comfortable with the fact that we privatised trains, energy, telephones, etc in the 80s because I could see the rationale in removing the burden of cumbersome loss making industries from the taxpayer's shoulders, but I'm struggling to rationalise the selling off of the Royal Mail as its a profit making organisation (isn't it?)
I know this'll turn into a coalition bashing thread before long but it should be remembered that it was originally Mssrs Blair and Mandleson that hatched plans to privatise the Royal Mail.
Even Thatcher was dead set against the idea...
So, why are we doing it? Is it simply short term thinking to generate national debt reduction funds or is there actually a longer term justification for it?
We know that a privatised mail services works in other countries (Germany is often cited as a good example) but I'm with Thatcher on this one: Don't sell.