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Royal Mail: The coalition’s commitment to privatise by next April is defeatist

Cable’s argument that the loan, and any subsequent funding, would be better used in schools and hospitals is not compelling Roll up, then, for the great Royal Mail share sale. The government has embarked on “an irrevocable course”, says business secretary Vince Cable. A small battalion of investment banking advisers has been hired. There’s a deadline to get the deed done by next April, which …

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