Thousands of post offices in UK face closure after privatization


Privatising Royal Mail will be the ‘nail in the coffin’ for the Post Office network and lead to thousands of branch closures, local communities fear.  The Government is backing a £3 billion stock market flotation of Royal Mail that could go ahead within the next few weeks.  Although any sell-off should include a ten-year deal to continue to sell stamps and handle parcels at post offices, there are worries the network could suffer immediate damage.  Read more.