Dundee LibDems slam Labour's "utterly hopeless" handling of Royal Mail

9.38.31pm BST (GMT +0100) Sat 10th May 2008

Dundee LibDems slam Labour's "utterly hopeless" handling of Royal Mail

Dundee LibDems today (Saturday 10th May) slammed the Labour Westminster Government for its "utterly hopeless" handling of the Royal Mail, and the resultant detrimental effect on service to customers right across the UK.

Commenting on the announcement earlier this week that Royal Mail's profits have fallen by almost a third, Liberal Democrat Shadow Business Secretary, Sarah Teather said, "It's no coincidence that news of Royal Mails plummeting profits comes just a day after the Government's own review body said that liberalisation of the market has produced no benefit.

"The Government has allowed this great British business to fall apart at the seams. Royal Mail can be turned around, but only if it is given the freedom to innovate and attract new customers.

"Unlike its private sector competitors, Royal Mail has been starved of investment. Selling off 49% of Royal Mail's shares would release the cash needed to modernise the business, without having to ask taxpayers to pick up the bill."

Here in Dundee, LibDem City Councillor for Strathmartine Ward, Cllr Helen Dick, said, "Like so many communities across the UK, Dundee waits to see - in our case, towards the end of this month - the possible closure of local Post Offices. Labour has truly failed in its policy towards Royal Mail and the Post Office service."

Related Link:

Royal Mail profits fall by 30% - The Press Association.