Saturday, 14 September 2013

Mail sell-off Due to EU

Have you ever heard of the EU Post Office Directive?
What about you?
No, I've never heard of it. What is it?
And you?
No, are you sure it really exists? Why is it never mentioned in the newspapers? Are you sure you haven't made it up because you want to blame the EU for everything?
No, I haven't made it up. It is because of the EU that the Royal Mail has been systematically stripped of all profitable services, which have been privatised and sold to foreign firms, and the sad remains are now to be sold off. The Royal Mail will very shortly be floated on the Stock Market.
     Well actually I don't blame you if you haven't heard about it, because there has been a universal media black-out of all news about it. The whole subject has been treated as untouchable by newspapers, television and radio. It if as if there were some sort of moratorium affecting it  - and maybe there is. After all, if Hermann van Rompuy can tell the auditors of the EU to stop saying so many horrid things about it, he is clearly not in favour of free speech.
The EU Postal Services Directive does exist, it has been in existence for a long time and this is what it says:-

The objective of the EU postal policy is to accomplish the Single Market for postal services and ensure a high quality universal postal service as part of the Lisbon Agenda. It thus focuses on postal customers, both business and consumers. These objectives are pursued by opening up the sector to competition in a gradual and controlled way on the basis of the regulatory framework of the Postal Directive (Directive 97/67/EC as amended by Directive 2002/39/EC) and as amended by Directive2008/06/ECpdf Choose translations of the previous link).

A friend of mine has summed up the impact of this very cogently as follows:-
"Once again a huge 'privatisation' fraud. It is formulaic. Strip out all the liabilities and dump those onto the taxpayer and then flog it off for a fraction of what the taxpayer has invested over the previous couple of decades. With coal, steel, power, water etc, the pension funds, liabilities for industrial disease, site and environmental clean up were dumped on the tax payer. A four year old could work out that if the down sides are taken out of the balance sheet, the residue will be profitable! These industries were then milked, with very little investment, and then either shut down anyway or else,as with water and power, new investment had only to be dragged out of the new (and mostly foreign) owners by heavy regulatory threats.

The taxpayer has put around £12 billions into the post office over the past decade, and stands to underwrite another minimum of £10 billion pension liabilities. We stand to get back £2-3 billion. This is a scandalous fraud. I will nail my letter box shut and they can stuff their privatised mail!"


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