Proceeding contribution from Lord Hunt of Wirral (Conservative) in the House of Lords on Tuesday, 24 March 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Postal Services Bill [HL].
Postal Services Bill [HL]
I am a little bit confused, but I think that noble Lords opposite have raised some important points. They have come back to what I was saying before—that all sorts of rumours, worries and concerns are going around. That is probably because there is no deal and we do not know what the deal is going to be. That is why it is so important—and it is why I tested the opinion of the Committee a little earlier—that the Government should give us some sort of undertaking that we will be kept in touch on developments and that, if there is some fundamental change in the assurances that are now being given, the Secretary of State will come to the House and explain so we get an opportunity to debate it. As the Minister knows, we are very strongly in support of the Bill in principle. It is this sort of detail that is causing us some considerable concern. However, I am very grateful to the Minister for saying that he will get in touch with me. Presumably, he may also get in touch with all noble Lords who have participated and place a copy of his letter in the Library on the point that I raised on whether dealing in shares that have been fully paid up in cash is likely to be problematic from an accounting perspective. A number of other issues have been raised and we look forward to further detail on them. In the mean time, I beg leave to withdraw the amendment. Amendment withdrawn. Clause 5 agreed. Clause 6: Government investment in certain securities Amendment 16 not moved. Clause 6 agreed. Clause 7 agreed.
Secondary information
- Type
- Proceeding contribution
- Reference
- 709 c642
- Session
- 2008-09
- Chamber / Committee
- House of Lords chamber
- Subjects
- Conditions of employment Directors Bank services Industrial relations Finance Governing bodies Income Government assistance Government shareholding Private sector Public appointments Property transfer Public consultation Staff Post offices Postal services Ofcom Post Office Stocks and shares Royal Mail Reorganisation Postal Services Sector Review Employee ownership
- Legislation
- Postal Services Bill (HL) 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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