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Proceeding contribution from Lord Clarke of Hampstead (Labour) 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]

That is very helpful. Another consequence of a segment going bust is the fact that the Pension Protection Fund, as I understand it, would limit any increases to 2.5 per cent. If that is wrong, perhaps my noble friend will tell me. I am grateful for the information about how the Pension Protection Fund is funded. As I say, there is plenty of time for us to debate this at greater length at a different hour of the day on Report. In the mean time, I thank him again for his courtesy about Amendment 55 and look forward to reading what he has said and coming back. I beg leave to withdraw the amendment. Amendment 50 withdrawn. Clause 16 agreed.

Secondary information

Type
Proceeding contribution
Reference
709 c1039 
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