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Royal Mail: CWU Billy Hayes on postal privatisation

10 July 2013 Last updated at 12:15 BST

The proposed Royal Mail sell-off "is going to destroy postal services" claims the general secretary of the Communication Workers Union.

Billy Hayes agreed the service needed money, probably £2bn over five years, but that public money was already being borrowed on larger Network Rail and London Underground schemes.

And he said the union would take industrial action "to defend the people we represent".

The government is expected to press ahead with its plan for a share flotation, possibly by the autumn, later on Wednesday.

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