Skip to main content

Proceeding contribution from Lord Skelmersdale (Conservative) in the House of Lords on Tuesday, 31 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 would certainly take up that offer with the very opposite of reluctance—I cannot think of the word at the moment. I think I am right in saying that in March 2006, FRS 17 was an idea in the mind of God and perhaps the odd accountant; it certainly had not come into general use at that point. I will take ready advantage of a meeting with either the Minister or his officials or perhaps, on a red letter day, both. I also picked up from what the Minister said that the provision to which we both referred—the power to prescribe the simple procedure by which one could bypass the consent of the members—was similar to that for the Armed Forces scheme. I do not have that Act in my pile of papers but I am sure that the Minister will have an extract of it. If memory serves me right, this formulation and the one set out in the previous Act are not pari passu, and therefore the words "based on" could have a slightly different meaning. Again, this is something that I can ask the officials in due course, unless the Minister would like to respond now.


Secondary information

Type
Proceeding contribution
Reference
709 c999-1000 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Conditions of employment Contracts Industrial relations Finance Liability EU law Insolvency Government assistance Government shareholding Private sector Pensions Partnerships Post offices Pension funds Pension Protection Fund Postal services Ofcom Postal Services Commission Post Office Modernisation Regulation Voting rights Technology Royal Mail TNT
Legislation
Postal Services Bill (HL) 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk