no but much of it is going to companies that are based overseas.
to quote (from a royal mail postman)
"One thing you probably don’t know, for instance, is that the Royal Mail is already part-privatised. It goes under the euphemism of ‘deregulation’. Deregulation is the result of an EU directive that was meant to be implemented over an extended period to give mail companies time to adjust, but which this government embraced with almost obscene relish, deregulating the UK mail service long before any of its rivals in Europe. It means that any private mail company – or, indeed, any of the state-owned, subsidised European mail companies – is able to bid for Royal Mail contracts.
Take a look at your letters next time you pick them up from the doormat. Look at the right-hand corner, the place where the Queen’s head used to be. You’ll see a variety of different franks, representing a number of different mail companies. There’s TNT, UK Mail, Citypost and a number of others. What these companies do is to bid for the profitable bulk mail and city-to-city trade of large corporations, undercutting the Royal Mail, and then have the Royal Mail deliver it for them. TNT has the very lucrative BT contract, for instance. TNT picks up all BT’s mail from its main offices, sorts it into individual walks according to information supplied by the Royal Mail, scoots it to the mail centres in bulk, where it is then sorted again and handed over to us to deliver. Royal Mail does the work. TNT takes the profit."
source -
http://www.lrb.co.uk/v31/n18/maya01_.html
TNT is australian (not even European.. i hope no-one is going to accuse me of being racist about a country populated by essentially british ex pats?)
another big one UPS isnt mentioned... its American
do you see my point?
any and all profit that leaves the country is gone. workers in uk companies that resist change to the point that the uk companies are not competitive with overseas managed companies will cease to exist.. royal mail is going that way... to an extent the NHS is going that way (not hugely to overseas private providers yet... but it is yet) again due to resistance to change
do we want all our "public" services to be run by companies with an "Orange" culture?
e2a:
a quote by a man who knew a thing or two about evolution:
"It is not the strongest of the species that survives, nor the most intelligent, but rather the one most adaptable to change.”
Charles Darwin (allegedly)