Skip to main content

Proceeding contribution from Lord Hoyle (Labour) in the House of Lords on Monday, 11 May 2009. It occurred during Debate on bill on Postal Services Bill [HL].


Postal Services Bill [HL]

My Lords, will the noble Lord explain one thing to me? He talked about the John Lewis trust. I understand that if you leave John Lewis, you are not able to have the shares; they have to remain behind. What concerns me about employee ownership is that when the bus companies went into being owned by employees, as soon as a good offer came from Stagecoach they were quite prepared to sell them. That rather defeated the objective of an employee-owned company or employee shares. I am interested in how the noble Lord would safeguard against that.


Secondary information

Type
Proceeding contribution
Reference
710 c855 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Consumers Companies Directors Annual reports Finance Government shareholding Protection Pensions Post offices Prices Postal services Ofcom Post Office Regulation Taxation Royal Mail Reorganisation Universal service obligation Shared ownership schemes TNT Employee ownership
Legislation
Postal Services Bill (HL) 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk