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Britain's Royal Mail to be sold off to private investors
LONDON Britains Royal Mail, whose origins date back to the reign of Henry VIII, is to be sold off to private investors, the government announced Thursday, setting up a bitter battle over the selling of a national icon.Even former Prime Minister Margaret Thatcher, who happily sold off other services such as Britains railways, considered unloading the Royal Mail a step too far, reputedly saying that she wasnt ready to have the queens head privatized. Queen Elizabeth IIs profile appears on all stamps in this country. But the Conservative-led government says that letting go of the Royal Mail is an idea whose time has come as officials try to shrink the public purse in an age of austerity. Posted by: Grolulet Whomoth1741 2013-09-12 |
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