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July 10, 2013 AT 3:23 PM
The Royal Mail can trace its history back 500 years to the time of Henry VIII and its bright red "pillarboxes" grace streets across the UK ? from the Scilly Isles to Scotland.But change is coming as the British icon. The UK's coalition government laid out plans to privatize the Royal Mail. Analysts have speculated that the company could be worth 3 billion pounds ($4.5 billion).