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Let's bring the Royal Mail back into public hands
Renationalise the Royal Mail!
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.