Labour and Ed Miliband could have stopped the Royal Mail privatisation “dead in its tracks” if they had vowed to renationalise the service, an SNP MSP claimed.
James Dornan said if Labour had pledged to do this if it won the 2015 general election, no-one would have bought Royal Mail shares
The Glasgow Cathcart MSP hit out at the loss of the “valuable public service” after some 690,000 small investors bought stock in the highest-profile privatisation for years.
He told the SNP annual conference in Perth the sell-off had resulted in ” a billion pound bonus in 24 hours given in the main to those already seriously well off”.
He added: ” One of their saddest most disappointing aspects of this privatisation is that if Labour had the courage of this Scottish Government, if Ed Miliband had half the sense of social responsibility and decency that our First Minister has, he could have stopped it dead in its tracks.
“Who would have bought shares in the Royal Mail if Red Ed had come out and said Labour would renationalise it? No-one.”