Royal Mail Debate

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Tony Baldry

Main Page: Tony Baldry (Conservative - Banbury)
Tuesday 1st April 2014

(10 years, 1 month ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
- Hansard - - - Excerpts

Most of the Communication Workers Union members I meet acknowledge the considerable value of the shareholdings that they now have—they own the company.

Tony Baldry Portrait Sir Tony Baldry (Banbury) (Con)
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Not even Michael Heseltine at the zenith of his ministerial powers and capacity felt that he would be able successfully to privatise Royal Mail. Are not ministerial colleagues much to be congratulated on having privatised Royal Mail so successfully? Does my right hon. Friend agree that it does not lie in the mouths of those who left this country with an eye-watering public deficit to talk about concern for the taxpayer’s interests?

Vince Cable Portrait Vince Cable
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The right hon. Gentleman’s initial remarks are apposite. Successive Governments have tried to privatise the Royal Mail for a long period. I would understand it if the Opposition had taken a principled stand on public ownership, but they have not. Indeed, I inherited a failed privatisation from the Labour Government and we made a success of it.