Nicola Smith, TUC
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TUC condemns Royal Mail flotation

The TUC's head of economics, Nicola Smith, has condemned the Royal Mail stock market flotation, which is set to begin on Thursday.

Business Secretary Vince Cable announced the government's intention to privatise the postal service through a stock market flotation in July.

But a formal "intention to float" statement may now come before the stock markets open in London.