Question

To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer to the hon. Member for Edinburgh South of 24 June 2014, Official Report, column 167W, on Royal Mail, what correspondence his Department has had with the syndicate of banks involved in the initial public offering on (a) the payment of the discretionary fee and (b) the length of the stabilisation period set out in the engagement letter.

The Department has not had any correspondence with the syndicate of banks about the payment of the discretionary fee and the length of the stabilisation period.