Proceeding contribution from Peter Luff (Conservative) in the House of Commons on Wednesday, 11 February 2009. It occurred during Opposition day on Royal Mail.
Royal Mail
Can the Minister confirm that of the £1.2 billion of investment that he mentioned, some £600 million remains unspent? I understand that that is not particularly surprising, because it was always intended to last longer than just one or two years, and some of it will be paid out only when the machinery is delivered. His hon. Friends have criticised the failure of management to spend that £600 million, but am I correct in believing that it is perfectly reasonable that it remains unspent?
Secondary information
- Type
- Proceeding contribution
- Reference
- 487 c1448;487 c1446
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Cost effectiveness Competition Industrial relations Innovation Government assistance Private sector Workplace pensions Loans Prices Pension funds Postal services Ofcom Postal Services Commission Post Office Modernisation Standards Regulation Technology Royal Mail Universal service obligation Postal Services Sector Review
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-16 20:17:14 +0100
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