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Why Labour should renationalise - and how it could make it happen
A privatised Royal Mail would be easy to take back into public ownership, argues ANDREW FISHER

Last week shadow business secretary Chuka Umunna - tipped as a possible future leader by some - announced that Labour would keep Royal Mail in private ownership if, as is likely, the Tory-led government pushes through privatisation before 2015.

Writing for the Huffington Post, Umunna argued: "I have been very clear that we are not in a position to pledge to renationalise the Royal Mail if we get into government in 2015.

"I do not know how much Royal Mail shares will be trading at in May 2015, so I do not know how much it would cost to renationalise. No credible future business secretary would therefore make such a pledge."

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