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Proceeding contribution from Pat McFadden (Labour) in the House of Commons on Tuesday, 16 December 2008. It occurred during Ministerial statement on Royal Mail.


Royal Mail

I know that my hon. Friend is a passionate campaigner for post offices and Royal Mail, but I have to point her to Hooper's conclusion on the very point that she raises, which is that the principal challenge facing the company is not that from other postal companies, but the far greater challenge and the far greater impact on the company's balance sheet caused by the shift from mail to other forms of technology. Making the other postal companies go away is not an answer to the challenges facing Royal Mail. On the pension fund, regardless of what has happened in the past, we recognise that that is a major problem for the company. Therefore, as part of a package of wider changes, we are prepared to address the pension fund deficit.


Secondary information

Type
Proceeding contribution
Reference
485 c972 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Industrial relations Finance Private sector Post offices Pension funds Postal services Ofcom Postal Services Commission Post Office Modernisation Regulation Royal Mail Postal Services Sector Review
Link
View this Proceeding contribution on www.publications.parliament.uk