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Royal Mail: a people's Bank Watch

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    Coalition have blocked Labour's proposals for the post office to offer banking services. A great opportunity to sustain the Royal Mail network was simply disregarded by the coalition govt. Further privatisation would hinder the prospects for the postal service and many would see closures and job losses.

    "the coalition is determined to sell Royal Mail without legislating for any long term commitment to post offices." Dr Whitehead, MP.

    Public services are deterioating with the Tories.
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    Conservatives are ****. Lib Dems are ****. Labour are ****. The only party not to **** up this country is the BNP and I am sure they would actually benefit this great country and its people.
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    They didn't deliver my mail for 3 months.I ain't giving them my moneys.
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    (Original post by Broderss)
    Conservatives are ****. Lib Dems are ****. Labour are ****. The only party not to **** up this country is the BNP and I am sure they would actually benefit this great country and its people.
    You can't solve everything by just getting away with foreigners! Diversity is an asset.
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    (Original post by Low Profile)
    You can't solve everything by just getting away with foreigners! Diversity is an asset.
    That's Labour's attitude, but I assure you it really isn't. Multiracialism is fine (not particularly good or bad, unless you want to be racist about it), but multiculturalism will never, ever work. I was joking about the BNP thing btw. Although my point about politics in this country failing I still stand by.
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    You know they could have a good reason for this. Also if Royal Mail offered banking would that not just make them a state run bank?
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    (Original post by Aj12)
    You know they could have a good reason for this. Also if Royal Mail offered banking would that not just make them a state run bank?

    Not if it becomes totally privatised
    I see no issue with a state run bank, this enforces a greater amount of trust and stability with people.
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    (Original post by Low Profile)
    Not if it becomes totally privatised
    I see no issue with a state run bank, this enforces a greater amount of trust and stability with people.

    But as with any state run institution there is no drive to make profit meaning the business tends to bleed money like an Ebola victim
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    (Original post by Low Profile)
    Coalition have blocked Labour's proposals for the post office to offer banking services. A great opportunity to sustain the Royal Mail network was simply disregarded by the coalition govt. Further privatisation would hinder the prospects for the postal service and many would see closures and job losses.

    "the coalition is determined to sell Royal Mail without legislating for any long term commitment to post offices." Dr Whitehead, MP.

    Public services are deterioating with the Tories.
    Surely we already have that...
    http://www.postoffice.co.uk/portal/po
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    (Original post by Low Profile)
    Coalition have blocked Labour's proposals for the post office to offer banking services. A great opportunity to sustain the Royal Mail network was simply disregarded by the coalition govt. Further privatisation would hinder the prospects for the postal service and many would see closures and job losses.

    "the coalition is determined to sell Royal Mail without legislating for any long term commitment to post offices." Dr Whitehead, MP.

    Public services are deterioating with the Tories.
    The only thing that can sustain Royal Mail and the universal service obligation for the long term is international expansion - something only possible following full privatisation as countless politicians have held the organisation back through their own shortsighted parochialism. To think some utter idiots suggested selling off GLS (the jewel in the crown) to keep the rest of the company state owned on behalf of the unions.

    A Post Office Bank, by comparison, will require an enourmous amount of initial funding to capitalise itself. Meanwhile many people are switching to internet banking and can now access their current account at Post Offices anyway. Meanwhile the main users of Post Offices these days won't be impressed when the queue takes a hour because the person at the counter is trying to arrange a mortgage.

    (Original post by Low Profile)
    Not if it becomes totally privatised
    I see no issue with a state run bank, this enforces a greater amount of trust and stability with people.
    Because of course the State is so good at managing it's own finances!

    Frankly, the Post Office should run a mile from any Government proposal to "improve" services. The Horizon debacle where the Government screwed the Post Office at the last minute should never be forgotten. Those with longer memories could remember the Harold Wilson government of 1969 giving them worthless notional consuls in return for the all pension contributions employees had made over the years.
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    (Original post by Aj12)
    But as with any state run institution there is no drive to make profit meaning the business tends to bleed money like an Ebola victim
    But there would be a drive to make profit, state banks finance the rest of the Gov.

    National Savings does very well against that remit.

    No?
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    (Original post by ninja-lewis)
    The only thing that can sustain Royal Mail and the universal service obligation for the long term is international expansion - something only possible following full privatisation as countless politicians have held the organisation back through their own shortsighted parochialism. To think some utter idiots suggested selling off GLS (the jewel in the crown) to keep the rest of the company state owned on behalf of the unions.
    They have no obiligation to expand. However, they have an obligation to provide a stable and progressive service to the national that they serve.

    (Original post by ninja-lewis)

    A Post Office Bank, by comparison, will require an enourmous amount of initial funding to capitalise itself. Meanwhile many people are switching to internet banking and can now access their current account at Post Offices anyway. Meanwhile the main users of Post Offices these days won't be impressed when the queue takes a hour because the person at the counter is trying to arrange a mortgage.
    A re-nationalised Post office would prevent the greed of corporations who are only interested in profit.
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    (Original post by Quady)
    But there would be a drive to make profit, state banks finance the rest of the Gov.

    National Savings does very well against that remit.

    No?
    This is slightly different
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    (Original post by Aj12)
    This is slightly different
    errrrrr how?

    I think you'll find National Savings and 'a state bank' are very much similar...
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    (Original post by Low Profile)
    who are only interested in profit.
    Or put another way:

    'Are only interested in customer satisfaction'

    Yes.
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    (Original post by Low Profile)
    ...
    You seemed to miss me mentioning that the Post Office already provides banking services:

    http://www.postoffice.co.uk/portal/p...diaId=19300206
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    (Original post by Low Profile)
    They have no obiligation to expand. However, they have an obligation to provide a stable and progressive service to the national that they serve.
    In case you haven't noticed, the mail market in Britain is anything but stable - mail volumes are in freefall. Thanks to the internet we are sending less and less mail every year. Now if Royal Mail is to maintain a relatively low-priced, high quality universal service, it needs to find new sources of revenue. The only place they can do that is to expand into international markets and compete with Deutsche Post, TNT and, soon, La Poste. It is the one area that Royal Mail actually have a good starting base to build upon.

    A re-nationalised Post office would prevent the greed of corporations who are only interested in profit.
    I hate to break it to you but the State is equally interested in profit, especially where Royal Mail is concerned. Countless governments have been happy to bleed the company try through negative External Financing Limits - sometimes set higher than the actual profit the company made that year, forcing the company to cut investment in order to pay the Government.
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    (Original post by Quady)
    You seemed to miss me mentioning that the Post Office already provides banking services:

    http://www.postoffice.co.uk/portal/p...diaId=19300206
    These aren't the same banking services are you get from an actual Bank. It is about international payments; the subjects are property abroad and one off purchases. Do some research.
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    The post office going into banking services is a stupid idea. As a Labour supporter I'm feeling this new management.
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    (Original post by Low Profile)
    These aren't the same banking services are you get from an actual Bank. It is about international payments; the subjects are property abroad and one off purchases. Do some research.
    So what services can you get from 'an actual bank' which you can't from the Post Office (re: Bank of Ireland).

    Mortgage - check
    Credit card - check
    ISA - check
    Child Trust Fund - check
    Personal loan - check
 
 
 
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