Royal Mail takeover deal by Czech billionaire to be finalised this month

32 comments

1. > The deal will mean Royal Mail will be controlled by an overseas owner for the first time in its history, which can be traced as far back as 1516 under Henry VIII.

   I can’t wait for prices to come down and service to improve like everything owned by foreign billionaires…

2. Can’t wait until everything in our entire lives is owned and controlled by billionaires 🙄

3. Czech here. This guy made his money on coal, but wants to leave the fossil business by 2030, so he redirects his activities elsewhere.

   IDK if this is going to be good or bad for the Royal Mail, but the local firms in his portfolio mostly work as expected.

4. blocking this takeover would be an easy PR win for Labour

   people are getting pissed off at foreign private ownership of British companies and institutions and blocking this would be a good step on the path to reversing things

   so it won’t happen.

5. UK government! – Absolute sell outs! all our institutions owned by foreign predators

6. Love the fact that this country’s infrastructure is owned by foreign interests. This can only be good right

7. Royal Mail even as it is now with all the scandals it’s had is one of the good things we have on this country.

8. I feel like privatisation of core infrastructure is never a good idea. 

   But hey as long as the rich can line their pockets that’s all the politicians really care about. No doubt bailouts to come in the future because as they say – privatise the profits. Socialise the losses.

9. He also owns a 25% share in West Ham but is apparently unhappy with how David Sullivan and Karen Brady are running the club.. sounds like he’s a good judge of character…

10. Something as important as the movement of mail should not be owned privately or made for profit.

11. Shit like this makes me proper mad.

    I really like our postie, he’s lovely. I have absolutely no doubt that he will get screwed over by this.

12. The way the post prices are, nobody will be sending paper post soon because it’s too expensive.

    Some countries have stopped physical post and have gone completely digital via encrypted emails.

13. I find it weird a country which tries to project power globally and fight the Russian empire sells off assets to any foreign bidder. I’m surprised this one didn’t go to one of the Gulf countries

14. Oh no America has put a tariff on us meanwhile the cash extraction from the uk by the whole world continues 🤦‍♂️

15. Watch as the Royal Mail is pillaged via dividends and profits sent overseas until it is an empty husk.

16. The world would be an infinitely better place if Billionaires didn’t exist, the fact that they exist is proof that this world is fucked beyond repair.

17. Another example where privatisation will inevitably lead to a worse service that does not meet customer demands. It sounds premature but we all know how things will turn out in a year’s time.

18. That’s awesome, foreign billionaires taking over our public services, I’m sure this can only go well.

    This country is run by COMPLETE fucking morons, what’s next, the fucking NHS gets bought out by a foreign billionaire?

19. Another national institution that will go to shit. Their workers will be stripped of benefits and decent pay and expected to work more hours.

20. Christ….

    Even America isn’t insane enough to privatise its postal service.

21. Key Word: Billionaire. So, that meant self serving and nothing will improve. It’ll get worse, then sold.

22. 2 years time this guy will have confirmed links to Russia and there will be a change in postal voting.

23. Another billionaire comes to save the day! Yuppie! I am sure he’ll invest a lot to improve the services, raise the workforce wages and modernise the facilities? He will not just extract every bit of revenue as dividends to the shareholders and strip the company to its bare bones. Right? Right?!?

24. Prepare for a first class stamp to cost £5.15 and deliveries to be made only on every second tuesday after a full moon.

25. Since he’s a billionaire, he’s bound to have a czechered past.

26. Have we got much else left to sell off? This is embarassing.

27. Please, please do not change their security. If this means packages start getting caught I’m going to be very upset.

28. Just make a new royal mail from all the money selling the old one.

    We need to sell everything off to bullionares, then stop using that which we sold. Then use their money to start up new ventures to replace the old crap ones we sold.

    Billionaires and corporations need to be treated as dumps / recycling centers for the rest of us to get rid of our shit and garbage and get paid for it.

29. It’s clear and understandable why people are upset about this, but realistically, what are the alternatives?

30. Are all of royal mails profits going to pay for free post in Czech then?

31. getting milked by overseas oligarchs for using basic services is tight

32. Lmao, so typical of us Brits. Can’t even hold on to our postal companies. We just sell anything of value off to the highest bidder. We have such a poor national mentality.

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