The Communication Workers Union (CWU) representing the workers at the Royal Mail has decided to take their protest to banks in London against a decision to privatise the mailing service in the UK.

CWU will target the headquarters of UBS, Goldman Sachs and Merrill Lynch during its bus tour in London. The workers will hold protest outside he Business Department, Ofcom and offices of the Conservative and Liberal Democrat parties. They will also deliver a giant postcard opposing privatisation to the Royal Mail.

Billy Hayes, CWU general secretary, said, "Royal Mail is thriving in public ownership, increasing its profits, providing good quality services and decent jobs. We want it to remain that way. Privatisation would be a throwback to the tired old politics of the 1980s. This week of action will take the uncomfortable truth to the doors of those who are working on flogging this national asset. Privatisation is unpopular, unnecessary and will be fought by a tide of growing opposition."

The Royal Mail staff members are already threatening to go on strike over the privatisation. The Union members at Royal Mail have voted in favour of asking the management to increase the wages above inflation and this might create tough conditions for the privatisation process.