Royal Mail is doing well in the public sector – why privatise it?

There are now 403 million reasons why Royal Mail should not be privatised. Financial results for Royal Mail just announced show that operating profits in the latest 52 weeks jumped to £403m, from £105m in the previous year. The government has signalled it intends to press ahead with a deeply unpopular privatisation even though Royal Mail achieved this return to profitability while remaining in the public sector.

Read more: Royal Mail is doing well in the public sector – why privatise it? | Michael Burke | Comment is free | guardian.co.uk.