Commenting on the government’s announcement launching the privatisation of Royal Mail, Mark Littlewood, Director General of the Institute of Economic Affairs, said:
“For too long our postal service has lagged behind and failed to modernise. A move to the private sector will force Royal Mail to handle the pressures all businesses must face to be more innovative, to introduce new products and services, and to adapt to a new environment.
“This is long overdue. Evidence from our European neighbours such as Germany and the Netherlands show that privatised postal services bring substantial improvements in both service and profits.
“This is also good news for taxpayers. Investment from private capital has better incentives and controls, and will be more successful and less wasteful than public investment.”
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