Selling the Royal Mail, and the country that banned fee-paying schools

Finland, where fee-paying schools are illegal and league tables don't exist, does consistently well in educational surveys and produces some of the cleverest children. Plus: a magic formula for regulation.

Even by the usual standards of Tory privatisations, the sell-off of Royal Mail is an outrage. Ministers have offered the shares at a maximum of £3.30 each, valuing the company at £3.3bn. As I write, analysts reckon that is at least £1bn below the true value and predict that shares will sell at £4 once they go on the market. Even if the analysts prove wrong in the short term, they are unlikely to be wrong about the medium-term prospects for Royal Mail. The shares are a bargain, offered at taxpayers’ expense.

How can a government be so generous when it is cutting benefits, supposedly to repair the public finances? Why is it giving City banks and hedge funds, for which most shares are reserved, a free lunch? Why is it, in effect, transferring money from poor folk who can’t meet weekly food, fuel and rent bills to people who have enough spare cash at least to buy the shares for a few days? Dare I suggest it’s a straightforward bribe to potential Tory donors and voters?

George Osborne fusses about the UK’s credit rating, arguing that he must reduce debt if the government is to continue borrowing cheaply. Someone should explain to him that governments can borrow because they hold assets such as Royal Mail. He accuses Labour of failing to repair the roof while the sun was shining. He’s dismantling it in the middle of a downpour.

Press charges

To break the interminable deadlock over press regulation – the Privy Council has rejected the newspapers’ proposal and is now trying to adapt the Royal Charter to its tastes – can we have a dummy run?

Let both sides set up their complaints commissions. Give them two cases: the Daily Mail and its treatment of Ralph Miliband; the Sun and its treatment of the mentally ill. (The latter, in case you missed it, headlined “1,200 people killed by mental patients” over a story that, according to a Telegraph blogger, was not only “irresponsible and dangerous” but also “nonsense from top to bottom”.) Let their commissioners pass judgement and recommend penalties, if any. The Mail should get a mild reprimand for the headline “The man who hated Britain”. The Sun should be required to publish a prominent correction and clarification, pointing out that the true figure should have been 738, not 1,200; that, in an average year, less than 0.005 per cent of the 1.2 million people in touch with hospital mental health services kill anyone; and that the danger of their doing so is falling, not rising.

The one that comes up with the above answers –which I believe most people would accept as the right ones – would be declared the winner.

For Pete’s sake

I welcome the promotion of the cerebral Tristram Hunt to shadow education secretary. But the idea that he’s part of an anti-Blairite coup, dictated by Unite’s Len McCluskey, is laughable. When I edited the NS, we published several pieces from Hunt, then unknown. I was told he had written to a friend saying “I owe so much to Peter”, which seemed a refreshing change from contributors who griped about our modest fees. Further inquiries, however, revealed that the reference was to Peter Mandelson, Hunt’s political mentor.

Great Finnish

“England’s young people near bottom of global league table for basic skills,” scream the headlines, and that’s just the Guardian website. The source is an OECD survey of adult skills in industrialised countries. What stands out is that, while English adults as a whole are around average when tested on literacy and numeracy, those aged 16 to 24 are behind even their Polish, Estonian and Slovakian contemporaries. Tories blame the usual suspects: comprehensive schools, lack of academic rigour, Labour governments.

Many comparisons are made with South Korea, where young adults score far better than their elders, while here there’s hardly any difference. Fewer comparisons are made with Finland, which, as usual in educational surveys, comes at or near the top in everything. “Older Finns,” the OECD reports, “perform at around the average . . . while younger Finns are, together with young adults from Japan, Korea and the Netherlands, among today’s top performers.”

Finland has no selective schools, no feepaying schools (they’re illegal), no streaming within schools, no league tables, no external exams until the age of 18, no national curriculum beyond broad outlines. Before the 1970s, its schools were similar to ours, with grammar schools, private schools and so on. Finland also has one of the most equal income distributions among the 22 countries in the survey; we have the most unequal, next to the United States, which also does badly in the tests.

I leave you to draw conclusions.

Finnish children on their second day at school in Vaasa, Finland. Image: Getty

Peter Wilby was editor of the Independent on Sunday from 1995 to 1996 and of the New Statesman from 1998 to 2005. He writes the weekly First Thoughts column for the NS.

This article first appeared in the 11 October 2013 issue of the New Statesman, Iran vs Israel

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Donald Trump vs Barack Obama: How the inauguration speeches compared

We compared the two presidents on trade, foreign affairs and climate change – so you (really, really) don't have to.

After watching Donald Trump's inaugural address, what better way to get rid of the last few dregs of hope than by comparing what he said with Barack Obama's address from 2009? 

Both thanked the previous President, with Trump calling the Obamas "magnificent", and pledged to reform Washington, but the comparison ended there. 

Here is what each of them said: 

On American jobs

Obama:

The state of our economy calls for action, bold and swift.  And we will act, not only to create new jobs, but to lay a new foundation for growth.  We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together.  We'll restore science to its rightful place, and wield technology's wonders to raise health care's quality and lower its cost.  We will harness the sun and the winds and the soil to fuel our cars and run our factories.  And we will transform our schools and colleges and universities to meet the demands of a new age.

Trump:

For many decades we've enriched foreign industry at the expense of American industry, subsidized the armies of other countries while allowing for the very sad depletion of our military.

One by one, the factories shuttered and left our shores with not even a thought about the millions and millions of American workers that were left behind.

Obama had a plan for growth. Trump just blames the rest of the world...

On global warming

Obama:

With old friends and former foes, we'll work tirelessly to lessen the nuclear threat, and roll back the specter of a warming planet.

Trump:

On the Middle East:

Obama:

To the Muslim world, we seek a new way forward, based on mutual interest and mutual respect. To those leaders around the globe who seek to sow conflict, or blame their society's ills on the West, know that your people will judge you on what you can build, not what you destroy. 

Trump:

We will re-enforce old alliances and form new ones and unite the civilized world against radical Islamic terrorism, which we will eradicate completely from the face of the earth.

On “greatness”

Obama:

In reaffirming the greatness of our nation we understand that greatness is never a given. It must be earned.

Trump:

America will start winning again, winning like never before.

 

On trade

Obama:

This is the journey we continue today.  We remain the most prosperous, powerful nation on Earth.  Our workers are no less productive than when this crisis began.  Our minds are no less inventive, our goods and services no less needed than they were last week, or last month, or last year.  Our capacity remains undiminished.  

Trump:

We must protect our borders from the ravages of other countries making our product, stealing our companies and destroying our jobs.

Protection will lead to great prosperity and strength. I will fight for you with every breath in my body, and I will never ever let you down.

Stephanie Boland is digital assistant at the New Statesman. She tweets at @stephanieboland