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Business, Innovation and Skills written question – answered on 6th September 2013.

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Photo of Ian Murray Ian Murray Shadow Minister (Business, Innovation and Skills)

To ask the Secretary of State for Business, Innovation and Skills whether he plans to make a statement to the Stock Exchange on the sale of Royal Mail; and if he will make a statement.

Photo of Michael Fallon Michael Fallon The Minister of State, Department for Business, Innovation and Skills , Minister of State, Department of Energy and Climate Change

On 10 July, the Secretary of State for Business, Innovation and Skills, Vince Cable announced the Government's intention to float shares on the London Stock Exchange via an Initial Public Offering (IPO) in this financial year.

The next step in taking forward the IPO will be the issue of an Intention to Float (ITF) announcement which we will do in line with normal market practice. No decision has been made on the timing of the ITF.

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