Royal Mail Debate

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Ann McKechin

Main Page: Ann McKechin (Labour - Glasgow North)
Tuesday 1st April 2014

(10 years, 1 month ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

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Vince Cable Portrait Vince Cable
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My hon. Friend has given me a wholly new argument to deploy, and I will do so in future.

Ann McKechin Portrait Ann McKechin (Glasgow North) (Lab)
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The Government’s advisers, Goldman Sachs, made more than £12 million profit from the sale of Royal Mail shares —a gross conflict of interest by any standards. Will the Secretary of State rule out completely the payment of any bonuses to those advisers, and put the money back into the public purse?

Vince Cable Portrait Vince Cable
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No bonuses have been paid and there is no pressure on the Government to make a decision on that at the moment.