Royal Mail Debate

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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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Our party has always been a strong believer in worker share ownership, and we have taken one of the biggest steps forward in recent years as a result of that process.

Jeremy Corbyn Portrait Jeremy Corbyn (Islington North) (Lab)
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The Secretary of State has given an estimate of what profits the public will make from their 30% share ownership in the company. Will he say what the loss of profits would be to the public over the next five years had we done the correct thing and kept Royal Mail in public ownership?

Vince Cable Portrait Vince Cable
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The National Audit Office assessment is the exact opposite and it accepts a valuation of Royal Mail under continued public ownership as being considerably less than the value that has been realised.