Scotland on Sunday: On her majesty's postal service...

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Written by Kristy Dorsey

Others, however, are not convinced there is much substance behind the rhetoric. Tom Clougherty, executive director of the Adam Smith Institute, was at last week's Labour conference. He points out that there is no way to significantly expand the Post Office's financial activities without substantially increasing its subsidy from the government, money the Exchequer simply doesn't have at this point in time.

"This looks like a crowd-pleasing announcement that can bring a cheer at the party conference, and that's about it," Clougherty says.

Published in Scotland on Sunday here.