Can The U.K. Get Its Money's Worth Out Of Royal Mail Sale?
The U.K. government says it can get £1.5 billion by selling its remaining stake in the Royal Mail — but their last big sell-off was underwhelming.By Matt Picht | June 4, 2015
After serving the Crown for hundreds of years, the U.K.'s Royal Mail service will now be fully on its own.
Chancellor George Osbourne told Parliament, "It is the right thing to do for the Royal Mail, the businesses and families that depend on it, and crucially, for the taxpayer."
Chancellor of the Exchequer George Osbourne announced Thursday the government intends to sell off its remaining stake in the Royal Mail, as part of a plan to generate £4.5 billion in savings.