Millions of families were today invited to buy shares in Royal Mail in the first Thatcher style” privatisation for almost two decades. Small investors will be able to apply for a minimum of £750 worth of shares when the world’s oldest’s postal service is floated on the Stock Exchange later in the autumn.Business Secretary Vince Cable confirmed that at least 51 per cent of Royal Mail will be hived off after almost 500 years in Government hands. But the main postal union condemned the announcement as “dogma from old-fashioned Tories”, and called on Labour to pledge to renationalise at its party conference.More than 100,000 postal workers are being balloted on strike action, which could start as soon as October 10. The sale will include a 10 per cent allocation of free shares to Royal Mail’s 150,000 staff, worth about £2,000 each.....Read more here