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royal mail

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Royal Mail workers fighting back

Royal Mail was privatised in 2013. The initial public offering went for a paltry £1.98 billion for the country’s postal services. This was a bung to the financial speculators by Vince Cable, the then Business Secretary in the Tory-Lib Dem government. On the first day of trading, share prices jumped 38%, making a tidy sum for the financial speculators.