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The unnecessary and underpriced sale of Royal Mail illustrates the financialisation of our society

Bayliss, Kate (2014) The unnecessary and underpriced sale of Royal Mail illustrates the financialisation of our society. British Politics and Policy at LSE (07 Apr 2014). Blog Entry.

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Abstract

The sale of Royal Mail at a heavy discount has highlighted the increasing clout of the financial sector. At least five of the investment banks that served as advisers to the government were also allocated shares on behalf of their asset management divisions for distribution to clients. Meanwhile, Royal Mail is cutting jobs and increasing prices above and beyond what might be reasonable to ensure the sustainability of the postal service. These are now being done to raise profits for the private owners, writes Kate Bayliss.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy
Additional Information: © 2014 The Author(s) CC BY-NC-ND 3.0
Subjects: H Social Sciences > HJ Public Finance
J Political Science > JF Political institutions (General)
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Sets: Collections > British Politics and Policy at LSE
Date Deposited: 24 Apr 2017 08:57
Last Modified: 25 Apr 2017 11:42
URI: http://eprints.lse.ac.uk/id/eprint/74225

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