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Osborne urges mail workers to 'engage' with flotation

George Osborne said he hoped Royal Mail workers would "engage" in plans to privatise the company, amid threats of a strike by postal staff.

"I hope the workforce would engage with this process, they are going to become part owners of the Royal Mail," the Chancellor said.

George Osborne said the privatisation of the Royal Mail would "secure its future"

Osborne defended the decision to float the company on the stock market, saying it would "bring in more investment so we can have a brilliant service".