Postal Services Bill

Part of the debate – in a Public Bill Committee at 12:00 pm on 9 November 2010.

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Photo of Andrew Stephenson Andrew Stephenson Conservative, Pendle 12:00, 9 November 2010

I shall continue on the pensions theme. We have to get the Bill right for the employees of the company, but many taxpayers will ask why it is necessary for them, at the current time, to take on a further £8 billion pension liability or whatever the deficit is—there is a range of figures from six to 10. From what you were just saying, you were indicating that you thought that the Government should take on that liability without privatisation and without the other aspects of the Bill. Is that what you would propose to deal with the pension deficit?