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Proceeding contribution from Ian Pearson (Labour) in the House of Commons on Wednesday, 11 February 2009. It occurred during Opposition day on Royal Mail.


Royal Mail

No, I want to continue and answer those questions in the time available to me. Let me explain my views on those questions. We have to ask what is the right thing to do for consumers—the people and businesses that use Royal Mail—and what is right and fair for Royal Mail's work force. Do we, as taxpayers, want to address the pensions deficit? We have said, as a Government, that we do, but the Opposition have been strangely silent on that issue. Should taxpayers totally fund the likely future deficits of Royal Mail, which could rise above £500 million a year for the foreseeable future? Personally, I would not rule out some sort of share participation by Royal Mail work force, but I do not think it is in their long-term interest to set their face against bringing in private capital through a minority partnership. That is why the Government's policy is to support the proposals in the Hooper report. As I say, we intend to make proposals for discussion.


Secondary information

Type
Proceeding contribution
Reference
487 c1478;487 c1476 
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