Nigel Evans
Main Page: Nigel Evans (Conservative - Ribble Valley)Department Debates - View all Nigel Evans's debates with the Department for Education
(10 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Michael Fallon
I can confirm, first, that the sale of Royal Mail was a success. Unlike the hon. Gentleman, I am delighted that the shares have risen in value, reflecting Royal Mail’s interim trading results and the long-overdue agreement with the union. Any decision on a sale of the remaining stake is still to be taken.
Mr Nigel Evans (Ribble Valley) (Ind)
One of the hidden values for money is the fact that of the 150,000 eligible hard-working postmen and women who could take up their free allocation, only 368 said no. That means that as the company goes from strength to strength, those who directly work for Royal Mail will now financially benefit from that. Is not that a very good thing?
Michael Fallon
Yes. I would have thought that Labour Members would welcome this extension of employee share ownership. I am delighted that 99% of Royal Mail’s employees took up the offer and now have a stake in the success of that company as it moves forward.