Postal Services Bill

Part of Planning (Developer Bonds) – in the House of Commons at 3:00 pm on 27th October 2010.

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Photo of John Denham John Denham Shadow Secretary of State for Business, Innovation and Skills 3:00 pm, 27th October 2010

The previous Labour Government floated proposals for the sale of a minority stake. Given the changes that have taken place in Royal Mail, there may be ways of accessing private capital that do not depend on an equity stake. Some partnerships of that sort might well be highly desirable, but the question is whether anything the Secretary of State said made the case for a total sale of the company. I listened to him very carefully, but I did not hear a single sentence that made a case for clause 1, which is the basis on which we oppose the Bill.