London Post Office Railway

Business, Innovation and Skills written question – answered at on 27 January 2011.

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Photo of Mike Freer Mike Freer Conservative, Finchley and Golders Green

To ask the Secretary of State for Business, Innovation and Skills if he will assess the merits of selling the London Post Office Railway separate to other changes to the ownership structure of Royal Mail Holdings plc proposed in the Postal Services Bill.

Photo of Edward Davey Edward Davey The Parliamentary Under-Secretary of State for Business, Innovation and Skills

No decision has been take on the form or method of sale of Royal Mail. We are taking a staged approach-our first priority is passing the Postal Services Bill to allow the framework for action. The Government will then bring into force the new regulatory regime and take decisions on private sector investment.

Our decision will depend on market conditions, getting best value for the taxpayer and securing a sustainable future for Royal Mail.

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