“It will give the Royal Mail greater commercial freedom and enable it to open talks with continental rivals” (Mandelson in Sunday Times, 2008-12-14)
Er, excuse me, this is not the only way. Simply changing the treasury rules, etc would allow this to happen. Any lack of commercial freedom is simply because the government imposed rules say that state-owned companies should not have commercial freedom.
Exactly the same could be achieved by running an organisation such that the government is the sole shareholder. In fact, I think the newly-nationalised banks are being run like this, and apart from the tendency of the government/shareholder to interfere, are not losing out on commercial freedom.
The usual canard.