Home Biography Personal Story Campaigns Policy Media Speeches Blog Contact

Labour Attacks Proposed Local Post Office Closure and Coalition for short-Changing Tax Payers on Royal Mail

Wednesday 2 April 2014

The consultation on the proposed closure of the Post Office in the ST Nicholas Centre ended yesterday. It is understood that services will be transferred to the Grove Road site in June 2014, but this is yet to be confirmed. The proposals have been described as a retrograde step by Emily Brothers, Labour’s Parliamentary Candidate for Sutton and Cheam. She said:
“This is a busy post office based in a prime location, so closing it really doesn’t make sense.
“Many disabled people like myself will not be able to use the inaccessible self service kiosks that are to be introduced at the Grove Road site, designed to handle increased volumes.“
The consultation closed as the Coalition came under attack for failing to get value for money from the sale of Royal Mail. The privatisation took place amid huge public interest and the shares rose by 38% to 455p on their first day of trading, meaning tax payers lost out on at least £750m in the sale. The spending watchdog, The National Audit Office (NAO) concluded in a report published yesterday that the Coalition was too cautious when setting the sale price of 330p per share. Ms Brothers said:
“The Coalition short changed the tax payer because it doesn’t value Royal Mail services.
“The consequence of the Coalition’s privatisation will be more cuts, not least here in Sutton.”

As a result of the Postal Services Act (2011) a majority of the shares in Royal Mail were floated on the London Stock Exchange on 15 October 2013 and the company became a constituent of the FTSE 100 Index on 23 December 2013. The UK Government continues to hold a 30% stake in Royal Mail through Postal Services Holding Company Limited. The same holding company is also the parent of Post Offices Limited, which was separated from Royal Mail on 1 April 2012 and remains state-owned.

Contact details:- E-Mail info@emilybrothers.com ~ Call 0776 506 0864 ~ Join Emily on Facebook