IT'S NOT TOO LATE TO PRIVATISE ROYAL MAIL

Ian Senior

Economic Affairs, 2004, vol. 24, issue 3, 39-45

Abstract: In classical myth Cerberus was the three‐headed dog that guarded the entrance to hell. The Royal Mail Group (‘RMG’), as the holding company is currently called, is a three‐headed dog that should be put down. This paper examines the problems underlying RMG's three businesses ‐ letters, parcels and counters ‐ and suggests that if Cerberus were privatised as three ordinary dogs and the holding company abolished, they would have much better prospects of profitable survival.

Date: 2004
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