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Anthony Hilton: Privatised Royal Mail set to follow a wasteful trend

Last year the Royal Mail sold a site in Rathbone Place, just off Oxford Street in the West End, for £130m. Then on Monday of this week came news that it is planning to put houses and flats on another, less expensive central London site: Mount Pleasant, the sorting office on the Camden-Islington border which we see on television every year in news reports on the build-up of Christmas post.

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