Member of Scottish Parliament Slams UK’s Royal Mail Sell-Off as ‘Botched’

© AP Photo / Alastair GrantA post office worker walks by Royal Mail vans, at the London's latest sorting office Mount Pleasant.
A post office worker walks by Royal Mail vans, at the London's latest sorting office Mount Pleasant. - Sputnik International
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If the UK postal service had been privatized more efficiently, the government could have earned at least $187 million more, Scottish MP Mike Weir states.

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EDINBURGH, December 18 (Sputnik) — The privatization of Royal Mail was "botched from day one," Scottish MP Mike Weir said in a statement following a report published Thursday about the sale of the United Kingdom's postal service.

"Yet more evidence that the privatisation of Royal Mail has been a complete botch up from day one," Weir, a Scottish member of parliament from the National Party, said in a statement. "This report shows that the government could have made millions more for the taxpayer from this rushed, ill thought through sell off — but didn't."

The report, commissioned by Business Secretary Vince Cable, found that the British government could have made an additional 120 million pounds ($187 million) to 180 million pounds had the sale of Royal Mail been managed more efficiently.

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