Could Britain deliver Abbott a red-letter day?

Australia Post's sacred status has made it impervious to full privatisation. But if Britain's older, larger Royal Mail is sold off that option may open up for the next government.

One suspects Ahmed Fahour and a number of people in Canberra, particularly on the Coalition side, would be watching the progress of the UK’s proposed largest privatisation – and one of its more controversial – since the Thatcher era.

Overnight Goldman Sachs and UBS were appointed joint global co-ordinators and, with Barclays and Bank of America Merrill Lynch, joint book-runners for the privatisation and float of the near 500-year-old Royal Mail.

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