Lord Redwood
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Royal Mail
Lord Redwood Excerpts(1 week, 1 day ago)
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Lord Stockwood (Lab)
I will have to refer this back to the Ofcom regulators. I had not prepared for a question on letterboxes, unfortunately, but I will write to the noble Lord giving him an update.
Lord Redwood (Con)
Is not the financial performance of Royal Mail so much better than that of the nationalised Post Office, with Royal Mail requiring no subsidy from taxpayers and the Post Office sending colossal bills for big losses and for damaging treatment of staff who require compensation?
Lord Stockwood (Lab)
These are early stages in the privatisation of Royal Mail. The new owner, EP Group, shows an encouraging commitment to improving the services and conditions of work for all employees, but it is too early to say. The Question was about performance of second-class and first-class mail, and that we can commit to. The investors are committed to an improvement programme to get us to where we need to be.