The Royal Mail made a profit of £403 million last year, money that went into the public coffers but then in their wisdom, the Conservatives decided to sell off the Royal Mail and privatised it so instead of the public getting the money to pay for services, the money to go directly into someones bank account instead.
As we have found out time and time again, privatisation is only good for the new owners and shareholders as a small number of people make more money from the privatisation and the customers get a more expensive service.
Five months after the privatisation, the Royal Mail has announced price rises in the cost of stamps because a profit of £403 million isn't enough.
And there you go, that's privatisation for you. Crap 'innit.