Royal Mail and Osborne

public finances: It is the right thing to do for the Royal Mail, the businesses and families who depend on it and crucially for the taxpayer, Osborne said, according to Euro News. The sale will begin later this year, and no decision has been taken yet on how it will be conducted. The sale was announced alongside a further 3 billion pounds of debt-reduction measures as Osborne said he was redoubling his efforts to fix the public finances after his Conservative party surprise election win in May. Osborne wants to run a budget surplus by 2018/19, wiping out a deficit which is currently equivalent to nearly 5 percent of economic output, primarily through spending cuts. The other 3 billion pounds of debt reductions, which will come from government departmental budgets in the current fiscal year, will allow Osborne to ease the pace of cuts he has previously outlined for subsequent years. As with any challenge the sooner you get on with it, the better, Osborne said in parliament. (news.financializer.com). As reported in the news.