Banffshire and Buchan Coast MSP Stewart Stevenson has this week criticised the Westminster Coalition in the wake that taxpayers may be worse off due to the urgency of the sale.
His comments follow Christian Allard MSP’s comments made last week that the Conservatives and Liberal Democrats had “botched” the sale to the detriment of taxpayers.
Commenting, Mr Stevenson said: “If this transpires as reported then the UK Government have serious questions to answer about the loss of so much taxpayer’s money. It is completely indefensible as part of Westminster’s rush to sell of Royal Mail.
“Royal Mail should never have been privatised, but worse still it now seems that the UK Government have sold off a valuable public asset at well below its true value.
“We have asked many times why did ministers choose to let go of the company’s shares at such a low rate? But - as yet -we have had no answers. The UK Government’s decision to privatise Royal Mail poses real danger to the postal service, and in particular, the universal service obligation which is of huge importance to Scotland. A privatised postal service in a competitive market will undoubtedly put pressure on government to reduce the terms of the Universal Service Obligation , as its competitors ‘cherry pick’ the profitable urban routes leading to a reduced service in rural and less affluent areas.
“Figures showed 77 per cent of people in Scotland were totally opposed to the privatisation of Royal Mail - more than any other part of the UK.
“If these reports about undervaluing it are true, that figure can only increase. Only with independence can Scotland be assured of a mail service that meets the needs of our communities – and one which is brought back into public ownership.”
Last week, his fellow SNP member, Christian Allard MSP, said:“The Con-Lib coalition has botched the sale of Royal Mail.
“This valuable public asset was sold off well below its true value, short-changing taxpayers
“The Westminster Government has some serious questions to answer about the loss of so much taxpayer’s money. Royal Mail should never have been sold in the first place.”