Skip to main content

Proceeding contribution from Baroness Kramer (Liberal Democrat) in the House of Lords on Tuesday, 8 March 2011. It occurred during Committee of the Whole House (HL) and Debate on bill on Postal Services Bill.


Postal Services Bill

Internally, due diligence is critical. The specifications and the instructions to the investment bankers, accountants and others engaged in the valuation have to be tough and in the monitoring and examination rigour should be applied to the response that they come back with. However, it still has to be in an internal setting, not a public setting. People will have many opinions across this House, but this will be a highly complex process with a great deal of detail. While this House has the ability to understand all that, there may be a subset of people who might be interested in being part of the consultation process by taking a look at that on behalf of the House. However, to me, it certainly would not be possible to do it in a public setting without giving the buyer the most impossible leverage.


Secondary information

Type
Proceeding contribution
Reference
725 c1547 
Session
2010-12
Chamber / Committee
House of Lords chamber
Subjects
Industrial relations Finance Investment Privatisation Workplace pensions Parliamentary scrutiny Staff Pension funds Profit sharing Postal services Post Office Modernisation Shares Reform Shareholders Royal Mail Sunset clauses
Legislation
Postal Services Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk