Ranil Jayawardena
Main Page: Ranil Jayawardena (Conservative - North East Hampshire)Department Debates - View all Ranil Jayawardena's debates with the Department for Business and Trade
Post Office Ltd
Ranil Jayawardena Excerpts(2 months, 4 weeks ago)
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Kevin Hollinrake
I am very happy to work with the hon. Lady on that particular case. We are clear that people should get full and fair compensation for financial loss and other impacts, including reputational loss—[Interruption.] I am setting out the position as it is. Of course, we are all concerned to hear about people who do not feel that they have been properly compensated. That is why we have the Horizon compensation advisory board, on which Lord Arbuthnot sits and to which I have referred a number of times. We are keen to ensure that all those people get, and can see that they have got, fair compensation. We are looking at the recommendations for an appeal mechanism, for example. I am very happy to look at this particular case in that context. It is absolutely the case that people should be fully compensated for financial loss and other impacts on their lives.
Mr Ranil Jayawardena (North East Hampshire) (Con)
I welcome what my hon. Friend has said. By taking this action, the Government have accepted by default that the arm’s length body model for the Post Office does not work, so will he look again at the structure of Post Office Ltd, and will he confirm on the record that the former chairman, having left by mutual consent, did not receive or accept any severance payment?
Kevin Hollinrake
Yes, I can confirm that there was no severance payment. I do not think it is fair to say that we do not think the arm’s length model works. Clearly, we have the right to terminate the chair’s position, which is what we have done.; that is part of the current governance process. Of course, individuals are important, and having the right individual leading the board is very important. We did not think that was the case prior to this weekend, which is why we took the action that we did. We are very keen to appoint the right person to help make the cultural changes within the Post Office that we all want to see.