• The post you are reporting:
   
  The UK postal service is known to be "fiercely competitive", but this 'fact' is little more than a slogan. The semblance of competitiveness has been long-engineered within Royal Mail. I suspect that the RM management bonus structure takes account of this.
  
  Much that has already been privatised is now being run at a profit for the benefit of other State owned enterprises, just not British enterprises.
  
  The privatisation of the RM, as with the others, is done solely to follow the ideological thrust of the Anglo-Saxon economic model, and as can be plainly seen in the comments above, does nothing more that make the population and the State beholden to bonus-hungry, profit at all and any cost, fund managers and other Vampire money shufflers.
  
  No need to worry too much about the buy-back KeithB, a simple redirection of QE and all will be well.

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