britain to fully privatise postal service to slash state debt
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Britain to fully privatise postal service to slash state debt

Arab Today, arab today

Arab Today, arab today Britain to fully privatise postal service to slash state debt

Britain postal service
London - Arab Today

Britain's newly-elected government on Thursday announced plans to sell off its remaining stake in the Royal Mail postal service as part of efforts to cut state debt by £4.5 billion ($6.9 billion, 6.1 billion euros).

A month after Prime Minister David Cameron's Conservatives won a general election, the Treasury "announced £4.5 billion of new measures which will bring down public debt this year, including a major boost to the Exchequer from completing the privatisation of the Royal Mail".

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