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The Communication Workers Union has called the Conservative Government's announcement to sell off the government's remaining stake in the Royal Mail as "a disgrace."

The Royal Mail, the centuries-old British postal system, was initially privatised in late 2013 by a coalition government. At the time, the government maintained a 14% stake in the company. This week, the Conservative government announced it would be selling the remaining government shares in the coming days.

Dave Ward, General Secretary of the CWU, said, "This fire sale nails the lie that the Tories stand up for the interests of ordinary people. By their actions today they have made it abundantly clear that they are only interested in privatisation dogma and making the rich richer - even when their actions place public services at risk.

"The remaining government share in this profitable company should have been used to safeguard the public's voice in Royal Mail and ensure the continuation of daily deliveries to every address in the country. The Tories have instead chosen and ideological course that puts the fundamental ethos of a centuries old national institution in jeopardy.”

The CWU has developed a campaign called The People’s Post, which seeks to maintain a public voice in the operation of the Royal Mail, to seek regulatory reform to end unfair competition, and to ensure their members in the Royal Mail have decent jobs for years to come. For more information on the People’s Post campaign, click the link here.