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Proceeding contribution from Lord Razzall (Liberal Democrat) in the House of Lords on Monday, 20 April 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Postal Services Bill [HL].

Postal Services Bill [HL]

My Lords, I have listened with interest to the debates on the amendments moved by the noble Lords, Lord Clarke, Lord Hoyle and Lord De Mauley, and I am puzzled. Perhaps the Minister can help me. There seems to be considerable concern in your Lordships' House that somehow the Government are going to pinch the assets. We did not devote a lot of time to worrying about that on these Benches, and perhaps we were wrong. I had understood that the taxpayer was going to subsidise this pension fund and that one of the purposes of the Bill is to put in place the mechanism under which the Government—that is, taxpayers—subsidise the shortfall in the pension fund. Why does the Minister think that there is this concern that the Government are going to pinch the assets?

Secondary information

Type
Proceeding contribution
Reference
709 c1286 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Disability Devolved matters Consumers Bus services Assets Bank services Closures Fees and charges EU law Investment Low incomes Northern Ireland Workplace pensions Public sector Public consultation Older people Staff Post offices Pension funds Postal services Parcels Ofcom Postal Services Commission Post Office Scotland Small businesses Regulation Shares Working hours Wales Tax allowances Taxation Trusts Rural areas Royal Mail Universal service obligation Girobank
Legislation
Postal Services Bill (HL) 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk