Royal Mail privatisation

[JOHNNYAITCH]

I'd like to see some form of profits protection - in that - beyond a certain percentage it gets automatically reinvested into the business and not given out as huge dividends.

 

In principle I agree but who is going to buy shares when a hugely successful business may not be allowed to pay a dividend, an income whicjh some people rely on?

 

Personally I think it's more about service protection, protection of staff and price protection..which must be handled far better than gas or trains (for example) have been

[Birdy]

Actually JA virtually every privatised company over the last twenty years receive billions in subsidies, so the tax payer is paying directly into the pockets of the shareholders. That itself is enough of an argument against privatisation of key assets.

[JOHNNYAITCH]

Actually JA virtually every privatised company over the last twenty years receive billions in subsidies, so the tax payer is paying directly into the pockets of the shareholders. That itself is enough of an argument against privatisation of key assets.

 

It all depends on exactly how it is done and what protection is given to employees, customers, rivals and indeed the taxpayer!! Have lessons been learned from previous botched privatisations..not all I am sure

[Warren]

It all depends on exactly how it is done and what protection is given to employees, customers, rivals and indeed the taxpayer!! Have lessons been learned from previous botched privatisations..not all I am sure

 

Precisely.

[For Us All]

Underpriced and oversubscribed.

 

http://www.independent.co.uk/news/business/news/government-limits-royal-mail-shares-to-those-requesting-fewer-than-10000-leaving-nearly-35000-wealthy-private-investors-empty-handed-8872383.html

[aspins-revenge]

I see that energy prices are going up again. That privatization process certainly does work for shareholders. I'm sure we'll all be comforted by such 'success' when our bills come in.

[JOHNNYAITCH]

The energy hike seems unjustified to me..except to maintain profits and shareholder payments

 

If there were real competition they would not be able to do this

[For Us All]

I see that energy prices are going up again. That privatization process certainly does work for shareholders. I'm sure we'll all be comforted by such 'success' when our bills come in.

 

It's October and the 'Big 6' are at it again with another 8% increase in energy prices just before winter starts.If this continues every year,we'll all be either frozen to death or bankrupt in another ten years.

[JOHNNYAITCH]

Fortunately we have a woodburner and access to a large supply of free wood so heating isn't a massive issue..we'll have to start uisng it for cooking!!!

[chrissy_g]

Businesses work a lot better than publically run organisations. The sooner it happens to the NHS, the better!

[JohnJames]

Businesses work a lot better than publically run organisations. The sooner it happens to the NHS, the better!

 

Errr No they don't6 that's complete ********. The NHS is being bled dry by private companies. East Coast rail is FAR better pubilically run than when it was in private hands. Sign the petition while you're at it

 

http://you.38degrees.org.uk/petitions/keep-east-coast-public?source=facebook-share-button&time=1377961694

[Birdy]

It's amazing how so many people have fallen for the belief that services are better in private hands, so Water, Gas, Electricity and Rail have all shafted the customer since privatisation. A pattern emerging and still folk fall for it. Renationalise them all, they shouldn't've been sold off in the first place.

[Harry]

Birdy, you are so right !

I work for one of the worlds largest electricity generating companies & have been in that industry for 25 years.

 

The problem we now have is that we have to comply with increasingly stringent pollution restraints on our flu gas emissions.In order to do this especially when burning coal ( which is still the cheapest form of fuel by far )power stations have to install flu has desulpherisation plant at costs exceeding £140 m.

This money is borrowed from the banks,but banks won't lend the money if the business isn't seen as being highly profitable .

That's just one example of a form of compliance to certain pollution directives & I won't bore you any more with other examples .

 

So in order to afford such expenditure the wholesale cost of electricity rises & is passed on to the consumer which increases profits & hey presto the banks say to the generators here's ya money mate to build ya FGD

 

And guess who owns these industries in the UK. 80% foreign owned. EG the company I work for is French owned.So a very very small percentage of the wealth produced by these companies is in the hands of the British public..... The rest is owned by massive foreign institutions.

 

Privatisation was a monumental **** up brought about by short term greed of the government in power in 1990.

 

If that industry was still nationalised there would be no share holders or banks to contend with.

All the profits were ploughed back into the industry to ensure that the latest technology was tested utilised & experimented with ... and I think that today we would have had very clean coal burning plant at a very little cost to the consumer due to the fact that banks & share holders would not be part of the equation.

 

Anyway let's here about the royal mail cus I'm way off topic.

[Harry]

Birdy, you are so right !

I work for one of the worlds largest electricity generating companies & have been in that industry for 25 years.

 

The problem we now have is that we have to comply with increasingly stringent pollution restraints on our flu gas emissions.In order to do this especially when burning coal ( which is still the cheapest form of fuel by far )power stations have to install flu has desulpherisation plant at costs exceeding £140 m.

This money is borrowed from the banks,but banks won't lend the money if the business isn't seen as being highly profitable .

That's just one example of a form of compliance to certain pollution directives & I won't bore you any more with other examples .

 

So in order to afford such expenditure the wholesale cost of electricity rises & is passed on to the consumer which increases profits & hey presto the banks say to the generators here's ya money mate to build ya FGD

 

And guess who owns these industries in the UK. 80% foreign owned. EG the company I work for is French owned.So a very very small percentage of the wealth produced by these companies is in the hands of the British public..... The rest is owned by massive foreign institutions.

 

Privatisation was a monumental **** up brought about by short term greed of the government in power in 1990.

 

If that industry was still nationalised there would be no share holders or banks to contend with.

All the profits were ploughed back into the industry to ensure that the latest technology was tested utilised & experimented with ... and I think that today we would have had very clean coal burning plant at a very little cost to the consumer due to the fact that banks & share holders would not be part of the equation.

 

Anyway let's here about the royal mail cus I'm way off topic.

[Harry]

The privatisation equation is simple !

 

Take a nationalised industry that has no share holders to contend with, which as a result ploughs all it's profits back into the service it provides & you get an efficient service at minimal cost to the consumer.

 

Privatise that service & you not only have your customers to keep happy, you also have share holders & banks to keep happy.

 

Suddenly the emphasis of the company shifts from providing a first class service to its consumers to keeping the share holders & banks happy because they are now the life blood of any public limited company.

 

Something has to give & it's usually quality of service.