Royal Mail Privatisation Debate

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Department: Department for Education

Royal Mail Privatisation

Philip Hollobone Excerpts
Tuesday 18th January 2011

(13 years, 3 months ago)

Westminster Hall
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John Hayes Portrait Mr Hayes
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As part of the recent £1.34 billion funding package, there is a legally binding commitment to a minimum number of post offices—the Post Office is required to provide a network of at least 11,500 branches. As I have said, there will be no closure programme under this Government. I am confident that many more post offices can be made profitable, but I will not speculate on which post offices will take up which services in which locations; my hon. Friend can hardly expect me to do that.

I have just time to say a word about demutualisation, which was raised by the hon. Member for Edinburgh East (Sheila Gilmore). Demutualisation is not something that we see happening; indeed it will be specifically prohibited.

A better future for Royal Mail means a brighter future for post offices. This Government seek that brighter future and will deliver it; nothing less will do.

Philip Hollobone Portrait Mr Philip Hollobone (in the Chair)
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Order. I thank all the Members who took part in that most interesting debate and ask all those who are leaving to do so quickly and quietly.