Five questions answered on the plans to sell Royal Mail

How have the workers reacted? What about the Post Office?

Today, Business Secretary Vince Cable announced that the government will sell Royal Mail. We answer five questions on this latest decision.

How will Royal Mail be sold?

The government will sell off shares in Royal Mail through flotation on the stock market. Employees will also be given 10 per cent shares in the business, which Cable described as "the biggest employee share scheme for nearly 30 years".

It is thought the sale will value the business at £2-3bn.

What has been the reaction to this news?

Mixed. Members of the Communication Workers Union (CWU) are opposed to the privatisation and have even threatened strike action. 

Workers are said to be deeply suspicious of the idea of a share scheme, according to the CWU, which represents about two thirds of the 150,000 workforce.

Business Minister Michael Fallon, writing in The Daily Telegraph, has said that now is the right time to sell Royal Mail.

Chuka Umunna MP, Labour's shadow business secretary, has said the government is opting for privatisation to "dig the Chancellor, George Osborne, out of a hole of his own making".

What else has Cable said?

"The Government’s decision is a practical, legal and commercial decision to put Royal Mail’s future on a sustainable basis," Mr Cable told MPs.

 "Now the time has come for government to step back and allow management to focus wholeheartedly on the business. This government will give Royal Mail the real commercial freedom it's needed for a long time.

"It cannot be right for Royal Mail to come cap in hand to ministers each time it wants to invest and innovate. The public will always want government to invest in schools and hospitals ahead of Royal Mail."

How well is the Royal Mail currently doing?

The postal service is currently undergoing a facelift, which involves focusing more on parcels and less on letters.

A boom in parcel delivery, largely due to internet shopping, helped Royal Mail more than double its profits last year after years of losses.

Does the sale include the Post Office?

No. The post office is a separate company to Royal Mail. The Post Office is the national network of branches that offer postal, governmental and financial services. Whereas Royal Mail sorts and delivers letters and parcels.

Royal Mail vans pictured parked at a Post Office depot in east London. Photograph: Getty Images.

Heidi Vella is a features writer for Nridigital.com

Photo: Getty
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The campaign to keep Britain in Europe must be based on hope, not fear

Together we can show the world a generous, outward-facing Britain we can all be proud of.

Today the Liberal Democrats launched our national campaign to keep Britain in Europe. With the polls showing the outcome of this referendum is on a knife-edge, our party is determined to play a decisive role in this once in a generation fight. This will not be an easy campaign. But it is one we will relish as the UK's most outward-looking and internationalist party. Together in Europe the UK has delivered peace, created the world’s largest free trade area and given the British people the opportunity to live, work and travel freely across the continent. Now is the time to build on these achievements, not throw them all away.

Already we are hearing fear-mongering from both sides in this heated debate. On the one hand, Ukip and the feuding Leave campaigns have shamelessly seized on the events in Cologne at New Year to claim that British women will be at risk if the UK stays in Europe. On the other, David Cameron claims that the refugees he derides as a "bunch of migrants" in Calais will all descend on the other side of the Channel the minute Britain leaves the EU. The British public deserve better than this. Rather than constant mud-slinging and politicising of the world's biggest humanitarian crisis since the Second World War, we need a frank and honest debate about what is really at stake. Most importantly this should be a positive campaign, one that is fought on hope and not on fear. As we have a seen in Scotland, a referendum won through scare tactics alone risks winning the battle but losing the war.

The voice of business and civil society, from scientists and the police to environmental charities, have a crucial role to play in explaining how being in the EU benefits the British economy and enhances people's everyday lives. All those who believe in Britain's EU membership must not be afraid to speak out and make the positive case why being in Europe makes us more prosperous, stable and secure. Because at its heart this debate is not just about facts and figures, it is about what kind of country we want to be.

The Leave campaigns cannot agree what they believe in. Some want the UK to be an offshore, deregulated tax haven, others advocate a protectionist, mean-hearted country that shuts it doors to the world. As with so many populist movements, from Putin to Trump, they are defined not by what they are for but what they are against. Their failure to come up with a credible vision for our country's future is not patriotic, it is irresponsible.

This leaves the field open to put forward a united vision of Britain's place in Europe and the world. Liberal Democrats are clear what we believe in: an open, inclusive and tolerant nation that stands tall in the world and doesn't hide from it. We are not uncritical of the EU's institutions. Indeed as Liberals, we fiercely believe that power must be devolved to the lowest possible level, empowering communities and individuals wherever possible to make decisions for themselves. But we recognise that staying in Europe is the best way to find the solutions to the problems that don't stop at borders, rather than leaving them to our children and grandchildren. We believe Britain must put itself at the heart of our continent's future and shape a more effective and more accountable Europe, focused on responding to major global challenges we face.

Together in Europe we can build a strong and prosperous future, from pioneering research into life-saving new medicines to tackling climate change and fighting international crime. Together we can provide hope for the desperate and spread the peace we now take for granted to the rest of the world. And together we can show the world a generous, outward-facing Britain we can all be proud of. So if you agree then join the Liberal Democrat campaign today, to remain in together, and to stand up for the type of Britain you think we should be.