I have always favoured an employee and management buy out of the postal service. Much of the Post Office is already privatised, as it takes the form of a string of small businesses operating the Post Office franchise through a big network of shops. Much of the transport is contracted out.
I am not keenon foreign interests buying a minority stake on the back of the weak pound. Why not enter negotiations with the staff to see what could be organised? The government deal looks like another bad one for the taxpayer, leaving us with the massive pension liabilities so the foreign buyer can buy a clean interest.
It may be better than keeping the whole thing in public ownership, where we have to pay both the losses on the business and the losses on the pension fund, but why are they the onlytwo options? Can’t we have an option where staff and taxpayers are both better off?