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The privatisation of Royal Mail has been a disaster.
In 2013 the government massively undersold the shares at a huge loss – on day one alone the share price jumped by 38% – costing the taxpayer £1bn.
Incredibly, millions of shares were sold to the very banks that helped the government set the offer price.
Since the sell-off, we have seen a familiar story of privatisation:
The Royal Mail remains a key part of our national infrastructure, serving 30 million addresses six days a week.
It’s time to bring it back into public ownership and build an economy that works for the many, not the few.
Let's bring the Royal Mail back into public hands
Renationalise the Royal Mail!