has dumped the national postal service on the markets before
anyone could manage to get out of their chairs to protest.
There is only one problem outstanding: the old fashioned label
on the masthead. The Queen will soon demand that she be
paid a couple of million a year for the use of her good offices
for the benefit of a private, er public, er publicly listed
corporation. It is no longer the Queen's postal service
but it is her crown out front and her mug on most of the stamps.
I think Liz deserves it, in this case. Her ancestor, King George
did start the whole thing, in 1516.
Indeed, as the sale of public assets, at fire sale prices, adds to
GDP, so will the Queen's cut of RM's profits. Good mafia,
the queen.
checkit: Daily Mail
Royal Mail could lose its regal title after privatisation, warns Queen
The Royal Mail could be stripped of its 'Royal' title following its privatisation
Buckingham Palace is seeking assurances from the Government over the future use of the Royal Mail name once the body is privatised, postal affairs minister Ed Davey said.
The Queen is understood to have insisted that any private buyer wishing to continue using the name would have to maintain certain standards to guard against ‘misuse’ of the Royal title.
Mr Davey admitted that ‘safeguards’ would have to be put in place to ensure Royal associations were used ‘respectfully and appropriately’ to avoid the service being stripped of its title.
Last month the Government announced it would press ahead with controversial plans to sell off up to 90 per cent of Royal Mail, with 10 per cent of the shares in the firm set aside for employees.
The Postal Services Bill paving the way for the sell-off is due for second reading debate in the Commons on Wednesday.
The palace said a final decision on title would rest with the Queen, adding that the Royal seal was ‘closely guarded’.
