Britain launches postal service privatisation scheme at Holyrood

05.09.2020
11:20

Britain launches postal service privatisation scheme at Holyrood

The Government has decided not to introduce a new privatisation system that would see public companies offered shares in Royal Mail, it has been announced.

The Government has decided not to introduce a new privatisation system that would see public companies offered shares in Royal Mail, it has been announced.

The Government will instead develop a new system for privatising Royal Mail and other businesses that has been drawn up by a new panel of external consultants.

Fiona Mactaggart MP, chair of the committee, said the panel, which was set up on Thursday, could bring “the long-needed clarity” on how private sector companies were being dealt with by government.

Ms Mactaggart said: “What we can see from the report is that some of the public sector’s biggest problems are being managed well. That needs to be the focus.

“It’s not only an issue of giving people certainty about their assets and the future of their business but it’s also creating a clearer framework for how to resolve problems from the public service.”

The Government said the new system could take effect as soon as late next year, with commercial operators providing the “initial phase” of the privatisation process, including a business case to set the framework.

The Panel, led by David Wilson, a retired director of the IMF, is part of a “new partnership” between HM Revenue and Customs and Royal Mail’s business, finance and consumer division.

It has been due to 우리카지노deliver its report on Tuesday but a delayed publication of papers will allow the public to have a view before ministers reveal the res우리카지노ults of a five-year £30 million tender to secure a new owner.

Speaking before the panel’s presentation, Deputy First Minister and Labour MP Andy Burnham said the new approach to a public company’s future would mean “fantastically simplified” procedures and, in return, the best services for customers in particular.

“The fact th바카라사이트at the Royal Mail privatisation has been done under a public company model is that we have the best approach that we can,” he said. “It’s made it easier for customers to get into the service, it’s made it harder for the taxpayer. We’re going to put the public into this business, I don’t think, without some significant help or some significant risk that is going to benefit everyone else.”

He added: “I don’t think [they] have enough trust in us to do it under