Sent to: Prime Minister, BIS, LMPS ccd to: Ed Miliband Subject: RM sale Prime Minister. finance.yahoo/news/uk-says-last-minute-price-105510271.html I fail to see how Mr Cable can state categorically, as is quoted in the linked report, that increasing the price of the Royal Mail shares would have lost a significant number of the long term investors who we wished to attract into the company. How can that possibly be known, unless there had been prior discussions with those potential investors, to guarantee them a profit mark-up on the shares that they bought? So, has the government involved itself in insider trading, which is illegal? It was noted that your own relative, Prime Minister, swelled his own wallet by some number of millions of pounds as a result of his purchase of the deliberately undervalued offer. And how many shares did the advisers, Goldbricking Sachs, acquire during the initial offer of this public service? I foresee the death of the Royal Mail, given the behaviour of previously privatised industries, such as energy. The price of energy have risen out of all proportion to earnings and well above the rate of inflation. I think it is a pretty safe bet that the cost of postage will also rise beyond the means of the ordinary person in the street, leading more people to resort to SMS, social media personal messaging, and email. Well done. Another white elephant sell-off, as will have been RBS when we take power away from the bankers and industrialists who have usurped the democracy in the United Kingdom. Sincerely,
Posted on: Wed, 27 Nov 2013 14:39:04 +0000
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