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 Michael Connarty Michael Connarty Labour, Linlithgow and East Falkirk 3:00 pm, 27th October 2010

Is my right hon. Friend aware that in previous discussions about possible privatisations, no interest was expressed by any of the companies, either in the UK or abroad, in running mail services? Are we not likely to have a situation in which, basically, some equity finance company will borrow large amounts of money to buy Royal Mail and then load it up with masses of debt? There is no operator challenging Royal Mail's ability to deliver the services that it currently delivers.