The audit office said in a report today that Cable chose not to heed the warnings and increase the flotation price from the 260-330p range because of fears it could put off institutional investors and jeopardise the flotation as postal workers were preparing for nationwide strike action.
A postal/web survey of 176 HPSR producer institutions in developing countries assessed institutional structure, capacity, critical mass, knowledge production processes and stakeholder engagement.
He revealed that Royal Mail's boss, Moya Greene, had already embarked on a global roadshow promoting the postal service to sovereign wealth funds and foreign trade buyers as well as institutional investors based in the UK and overseas.
The low response rate is also not unusual for postal questionnaires and is, in fact, slightly higher than the response to an Institutional Climate survey held at UCT in 2007 [ 57].
The institutional apartment blocks are often located close to highways, but away from public transport links, reinforcing the sense of social dislocation to the point where postal and even pizza deliveries can be restricted.
