Government admits Queen's head could be lost from stamps
The Telegraph , Sun Dec 19, 2010,01:26 GMT
Buckingham Palace is in talks with ministers to ensure the Queen's head remains on postage stamps if privatisation of Royal Mail goes ahead.
By Harry Wallop, Consumer Affairs Editor 1:26PM GMT 19 Dec 2010
Vince Cable, the Business Secretary, said discussions were taking place after he admitted that there was no specific clause in the Postal Services Bill, setting out the terms of privatisation, which forces any new owner to keep the Queen's head.
An image of the monarch's head has been on British postage stamps since they were invented in 1840.
The draft legislation already contained provisions requiring a future private operator to get Royal approval before issuing new postage stamps bearing Her Majesty’s image – but no clause obliging them to use it in the first place.
It is understood that no one believed that a new owner would want to drop the image, so felt it was not necessary to specify that the Queen's head should remain.
The Government is currently pushing through its plans to sell off up to 80 per cent of Royal Mail, either to a private operator or on the London Stock Exchange, most likely sometime in 2012. It keen to make the business – burdened with a vast pension deficit and declining postal revenues – as attractive as possible to any buyer.