Stacy Summary: This is exactly the same amount that was offered to all those building society customers (ie owners) back in the mid 90′s. The customers took the £2000 cash only to lose far more than that in the ensuing financial collapse brought about by those same banks then offering 120% mortgages. Now the postal system here in the UK, which was definitely the best in the world (and unless you experienced the post arriving sometimes the same day it was sent then please don’t bother leaving comments about it) until they brought in the pre-privatisation structure under Blair, will turn into yet another utility disaster zone where service is impossible to get at almost any price, especially if you don’t live in a city. But definitely a brilliant toll booth if you can operate it.
More than 100,000 postmen and women will be promised a personal windfall of up to £2,000 each as part of the controversial £3bn privatisation of Royal Mail.
Vince Cable, the business secretary, is expected to say on Wednesday that the government has decided to give Royal Mail staff 10% of the shares in the privatised company for free, almost free or on a buy-one-get-one-free basis.