Politics Breaking News: Britain to Unveil Royal Mail Privatization Plans

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Politics Breaking News: Britain to Unveil Royal Mail Privatization Plans

by Wochit 0:58 mins

Politics Breaking News: Britain to Unveil Royal Mail Privatization Plans

by Wochit 0:58 mins

Britain will push ahead with its biggest privatization in decades when it unveils plans for a $3.7 billion stock listing of state postal operator Royal Mail. A spokesman for the Business Innovation and Skills department handling the sale said it would be providing lawmakers with an update before parliament begins its summer recess. The decision to push ahead with privatization will be a blow to trade unions, which argue the sale will spark a decline in postal service provision. Anti-abortion activists in Republican-dominated states have succeeded in pushing various bills that limit the procedure. A series of attacks killed at least 15 people in Iraq as part of a recent spike in insurgent violence aimed at destabilizing the country and undermining the government, officials said.

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