
The chairman of the Royal Mail's pension trustees, Jane Newell, said in a letter to Business Secretary Lord Mandelson that there would be "devastating consequences" if more investment was not found.
Should we sell off part of the Royal Mail? Will part-privatisation lead to an increase in price and a reduction in quality of service? Should it remain completely controlled by the government. Do you work for Royal Mail? What will be the effect of selling off part of the Royal Mail?
If recommendations from last year's Hooper report into the business were not implemented, including the sell-off plan, the pension fund deficit would be "significantly larger" than the previously quoted figure of £5.9 billion, she said.
Royal Mail staff have been warned they face having their pensions slashed unless part-privatisation plans went ahead.
The Communication Workers Union said the letter was deliberately leaked in a bid to "scare" opponents of privatisation as a growing number of Labour MPs lined up against the Government.
Ministers maintained that the letter was released to highlight the state of the Royal Mail's pensions deficit.








I you are not happy with the service that Royal Mail affords you then please contact Customer Care via the Royal Mail website or contact your local Delivery Office Manager. This is not the forum for your personal gripes. After taking early retirement I have worked as a Postman for two years and see examples on a daily basis of Royal Mail staff making efforts above and beyond the call of duty to increase customer satisfaction. A common example is to correctly deliver mail despite the fact that mail is sent with incorrect/incomplete addresses etc....especially prevalent over the Christmas period. Do you really think that a privatised organisation is going to do this for you?? How many times have private couriers left packets on your doorstep in the rain? Royal Mail wouldn't do that!! So please follow the laid down complaints procedure if you're not happy and remember that its always easier to criticise than to be correct!!
Our mps should be taking redundency they are not working for Britain but every other country but ours.
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