No to a billionaire takeover – Renationalise Royal Mail!

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https://www.socialistparty.org.uk/articles/127593/17-07-2024/no-to-a-billionaire-takeover-renationalise-royal-mail/

Many Communication Workers Union (CWU) reps and members will now be thinking about what the union will do under the Starmer-led Labour government. Jeremy Corbyn’s popular manifesto promise had been to bring Royal Mail back into public ownership. This was agreed at Labour Party conference since, but was not in the manifesto.

Meanwhile, Czech billionaire Daniel Kretinsky, whose business already owns 25% of Royal Mail, is bidding to take it over.

The Labour manifesto stated: “Royal Mail remains a key part of the UK’s infrastructure. Labour will ensure that any proposed takeover is robustly scrutinised and that appropriate guarantees are forthcoming that protect the interests of the workforce, customers and the United Kingdom, including the need to maintain a comprehensive universal service obligation. Labour will also explore new business and governance models for Royal Mail so that workers and customers who rely on Royal Mail services can have a stronger voice in the governance and strategic direction of the company.”