The politically motivated fire sale of the Royal Mail – as revealed in yesterday's Record – will go ahead to fill a financial hole created by Chancellor George Osborne's failed economic plans. Furious Labour MPs and trade unionists yesterday blasted the £3billion sell-off as the biggest privatisation in a generation. They accused the Government of pushing ahead with the sale of the profit-making Royal Mail to City traders, raising fears that the six-day postal service, charging the same the length of the UK, will come to an end. Michael Fallon, the Business Minister, told the Commons yesterday that formal notice had been given to the stock exchange of plans to privatise the Royal Mail. Employees are being offered a free shares sweetner – but instead they are preparing to go on strike to oppose the sell-off. The public can also buy shares but control will be in the hands of City investors who will squeeze the postal service for more profits.