Postal Services Bill

Part of Planning (Developer Bonds) – in the House of Commons at 4:59 pm on 27th October 2010.

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Photo of Alan Reid Alan Reid Liberal Democrat, Argyll and Bute 4:59 pm, 27th October 2010

I represent a constituency with many small, remote communities, including many islands. Clearly, Royal Mail and the Post Office are vitally important to that constituency. I have to admit that when privatisation was first mooted, I certainly questioned it. However, I am now convinced that it is the only way forward because of the state of the finances of both Royal Mail and the Government more widely. Thus, private capital provides the only way of investing in the modern plant and machinery that Royal Mail so desperately needs. Given the huge mountain of debts that the previous Government left behind, there is simply no alternative.