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

I understand my hon. Friend's point, but the Opposition should explore positively, including in discussions with the unions, how employee share ownership might work. Models of trust-based employee share ownership would avoid the risks he describes. It would clearly be nonsense to provide shares to employees that could be sold on within a few months, which happened in many previous privatisations, to everyone's great regret. We should look at the conditions, but I agree that it would be a complete nonsense to create the conditions he describes.