The Czech is in the Mail

The government has approved the sale of Royal Mail to Czech billionaire Daniel Křetínský, turning what was a not-for-profit public service just eleven years ago into a billionaire's plaything

The government has given their seal of approval to Czech billionaire Daniel Křetínský’s takeover of Royal Mail, meaning Britain’s mail system will be operated by overseas interests for the first time in its entire 508 year history.

In 2013 the Tories and Lib-Dems cooked up an outrageous scam to flog Royal Mail off at a fraction of its true value, making instant £millions in unearned profits for a select band of hand-picked preferred buyers when the artificially lowered initial share price soared.

The new owners then cashed in by hastily selling off massive chunks of the Royal Mail property portfolio for literally hundreds of millions.

Who would have thought that dozens of acres of inner city Royal Mail facilities would be worth an absolute mountain of cash?

Well not the Tory/Lib-Dem politicians who oversaw the Royal Mail privatisation without bothering to factor in the value of the property portfolio, nor adding any stipulations against the new owners asset stripping the company’s prime property holdings for quick unearned profits.

Now Royal Mail’s profiteering owners have realised they’ll make even more unearned cash for themselves by flogging the entire lot off to a Czech billionaire to use as his plaything.

Křetínský’s is already plotting to roll out post office lockers and scrap universal deliveries, leaving people in the countryside stranded if they don’t have the means to visit their post office lockers in nearby towns.

The government reckons it’s tied Křetínský down to certain guaranteed levels of service for the next five years, but what happens if he claims "too big to fail" and demands bailouts to meet the conditions? And what happens when the government’s five year ban on asset stripping, price-hiking, and service degradation is up?

It’s a remarkably similar situation to what happened to Britain’s fleet of nuclear power stations, that were flogged off for a tiny fraction of what they’d have cost to build from scratch in a hail of false promises about how private sector investment would be so great for the industry.

The private owners ran British Energy for a few years before realising they’d make much bigger profits for themselves by flogging the whole lot off to the government of France, than by actually doing the work of generating electricity themselves.

Now we’re stuck in the situation where Britain has handed all of its nuclear expertise to France, meaning we need to bribe countries like China and France into building new nuclear infrastructure for us by promising to pay them double the market rate for decades!

The only difference is that Royal Mail’s owners are selling off the public assets they were handed on the cheap to a Czech billionaire instead of an overseas government.

This latest sell off of what used to be a nationally owned not-for-profit public service is yet another demonstration of what an absolute basket case of a country we’ve become.

A Czech billionaire now owns our national mail system.

The government of France owns all of our nuclear power stations.

The rest of Britain’s energy supply is owned by a hodge-podge of profiteering corporations, including Daniel Křetínský’s EPH group.

Our major airports have been flogged off to a Spanish conglomerate.

Our most famous car marques have all been flogged off to overseas owners, including the Chinese communist government (MG).

England’s water supply is owned by a toxic mix of profiteering corporations and overseas governments.

Britain’s steel industry has been downsized, degraded, and resold so many times since privatisation that what’s left of British Steel is the plaything of a communist Township and Village Enterprise for a region of China that virtually nobody in Britain will even have heard of.

Our schools are being run by a bunch of profiteering academy spivs who treat the nation’s education budget as their free cash machine to fund their bloated executive salaries and their dodgy rip-off supply contracts with friends, family members, and their own damned companies.

And Keir Starmer’s just been over to kiss the arses of the Saudi tyrants and offer them first dibs on even more British infrastructure and services.

Who on earth really believes that this is an effective way of running a country?

Who thinks a Czech billionaire is really more capable of running the nation’s mail service than the nation itself?

Who thinks that it makes more sense to beg the Saudi tyrants, communist China, the government of France, Australian pension funds, greedy education profiteers, and foreign billionaires to run our core infrastructure and services, instead of just running it ourselves?

If you ask the British public, they clearly don’t, will polls demonstrating overwhelming support for public ownership.

The only people who argue that it makes sense to flog the country off on the cheap to whoever wants a piece, are the Westminster establishment cabal, who seem to think that it’s their job to flog off as much of the national silver as possible, before retiring as well-paid advisors and non-executive directors at the profiteering companies they flogged it all off to.

And the sad thing is that the British public will continue allowing themselves to be fleeced like this, merely limiting their debate to the colour of the rosettes worn by the dirty Westminster traitors who are ideologically committed to selling off all of our stuff on the cheap.

Please consider setting up a small monthly GoCardless subscription. These really help.