Question

To ask the Secretary of State for Business, Innovation and Skills, whether the review by Lord Myners of the process of privatisation of Royal Mail will be published in full; and when this report will be completed.

The review is intended to inform wider HMG considerations about alternatives to bookbuilding, as recommended by the National Audit Office in its report on the Royal Mail Initial Public Offering (IPO). It will help my Rt. Hon. Friend the Secretary of State for Business, Innovation and Skills (BIS) in his own assessment of the system the Government operates for the sale of its assets through IPOs to ensure that Government can meet its full objectives whilst achieving value for money.

It is not a public review but my Rt. Hon. Friend the Secretary of State for BIS will make the key findings of the review public.

It is expected that the noble Lord Myners will complete his review later this year.