Brokers said demand for the shares continued to be strong in the run-up to Tuesday’s midnight deadline when the order books were due to close.
Almost all of Royal Mail’s employees have accepted the staff offer of around £2000-worth of shares. The latest figures showed that just 386 employees out of 150,000 have decided to opt out, despite the on-going threat of strikes.
Labour and the CWU both said privatisation was unpopular and vast amount of the public was against it. The business secretary, Vince Cable, has pointed out 700,000 individual applications from small investors have been received, too. Once again, the Left are wrong.
Due to the popular take up, it might be worth selling government owned bank stakes to the British public; popular capitalism is alive and well in the United Kingdom.