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Royal Mail

There is absolutely no dispute from the Opposition or anywhere else that the accrued pension rights of those in the pension fund must be protected. It is a question of how that is financed. The hon. Gentleman appears to believe that the Government are committing themselves to injecting £7 billion to effect that guarantee. I do not think they are. Our position at the moment, which is why the motion is how it is, is that we are waiting for the Government to spell out how they will address the pension deficit, but the Minister for Employment Relations and Postal Affairs studiously avoided giving any detail about how he was going to do it.