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Royal Mail 'can be successful under public ownership'

The Royal Mail "can be successful under public ownership", according to the Deputy General Secretary of the Communication Workers' Union.

Dave Ward dismissed the argument that Royal Mail cannot survive without private investment as "simply not true", before claiming that that the investors who buy shares in Royal Mail would "take far more out than what they put in".

Mr Ward confirmed that the CWU would be balloting their members for strike action.