PRESS RELEASE : Politically-motivated fire sale of Royal Mail to fill hole left by Osborne’s failed plan – Umunna [September 2013]

The press release issued by the Labour Party on 12 September 2013.

Chuka Umunna MP, Labour’s Shadow Business Secretary, commenting on the Government’s announcement of an Initial Public Offering to the London Stock Exchange on Royal Mail, said:

“Ministers are pushing ahead with this politically-motivated fire sale of Royal Mail to fill the hole left by George Osborne’s failed plan. This is taking place despite opposition from a huge coalition including the Conservative Bow Group, the Countryside Alliance, the National Federation of Subpostmasters, the cross party BIS Select Committee as well as Royal Mail employees themselves.

“The Government has not addressed the huge concerns which remain on the impact the Royal Mail sale will have on consumers, businesses and communities, but ministers are ploughing on regardless.”