UK watchdog says Royal Mail sale short-changed taxpayerReutersBritain's decision to sell a 60 percent stake in Royal Mail last October for 330 pence a share has been heavily criticised by opposition politicians as too cheap after shares in the firm have risen since then by as much as 87 percent. "The Department … More: continued…
'Misprinted Stamps Escape Postal Vault'PR Newswire (press release)The Postal Service has printed 100 additional sheets of stamps of the recently issued $2 Inverted Jenny stamp but with the plane flying right-side up. These very limited edition stamps were circulated with the recent issue of stamps mimicking the .and more » More: continued here
Taxpayers lost £2.3bn in cheap Royal Mail sell-offDaily MailIn order to sell the business, the NAO said Royal Mail's£8.6billion pension black hole had also been given to the taxpayer. While it has received £28.8billion of assets from the pension fund, it has also been left with £37.4billion of liabilities … More: continued here
WASHINGTON, April 1, 2014 /PRNewswire-USNewswire/ — The Postal Service has printed 100 additional sheets of stamps of the recently issued $2 Inverted Jenny stamp but with the plane flying right-side up. These very limited edition stamps were circulated with the recent issue of stamps mimicking the most famous stamp error in U.S. history. Customers who…
Britain's public spending watchdog said on Tuesday the government's cautious approach to last year's sell-off of state postal group Royal Mail had led to a sale price that had short-changed the taxpayer. Britain's decision to sell a 60 percent stake in Royal Mail last October for 330 pence a share has been heavily criticised by…
BBC News Royal Mail sale price 'too cautious'BBC NewsThe privatisation of Royal Mail did not achieve the best value for taxpayers because of the government's "deep caution", the spending watchdog says. The National Audit Office said too much emphasis was put on completing the sale within this Parliament, …UK watchdog says Royal Mail sale short-changed taxpayerReutersReport…
Govt: Royal Mail sale 'raised almost £2bn'ITV NewsOur course of action was appropriate given the significant risks at the time and the fact that the alternative of a failed sale would have been the worst outcome for the taxpayer. The sale price secured by the Government was based on a comprehensive … More: continued here
End of an era for Huson Post OfficeKPAX-TVHUSON – The Huson Post Office closed on Monday, probably for good. An independent contractor operated the Huson Post Office. She told us Monday that she cancelled the agreement with the Postal Service because she lost the lease on her building and …and more » More: continued here
Our course of action was appropriate given the significant risks at the time and the fact that the alternative of a failed sale would have been the worst outcome for the taxpayer. More: continued here
The Guardian Royal Mail sale: the bungled pricing of a valuable propertyThe GuardianThe bungled pricing of Royal Mail left the taxpayer out of pocket by £750m on day one – more than enough to build a major general hospital. By any measure, Royal Mail was savagely underpriced, coming to the market at 330p a share,…