Roy Mayall

I sometimes think there’s a special relationship between postal workers and dustmen. We deliver the rubbish, they take it away again. We used to get paid per item for the junk mail we dropped through your letter box. These days we get a delivery supplement: a fixed amount per week no matter how many advertising leaflets we carry. The maximum we are allowed to deliver has also increased, to seven per household.

Today is the last day for sending first-class post if you want it to arrive before Christmas. You’re lucky there’s anyone to deliver it. In October, the Communication Workers Union held a ballot which came out overwhelmingly in support of strike action – 89.1 per cent in favour on a turnout of 73.7 per cent – but the Royal Mail got a High Court injunction to stop the strike.

Something that hasn’t been mentioned much in the post-privatisation analysis is the amount of money the Royal Mail stands to make out of its immense property holdings. One building alone in the company’s portfolio of disused offices in London – the mail centre in Nine Elms Lane – has been valued at half a billion pounds. That’s one-sixth of what the government sold the whole company for.

One of my neighbours came over to say hello the day the Royal Mail was privatised. ‘I expect you’re looking forward to getting your hands on all that money you’ve just made,’ he said. The shares allocated to me as a member of staff had gone up by almost 40 per cent in a day. The government had brought forward the date of the IPO in order to beat a strike ballot by the Communication Workers' Union. Most of us, like most people, were against the privatisation. It felt like my neighbour was congratulating me on taking a bribe.