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Proceeding contribution from Lord Lea of Crondall (Labour) in the House of Lords on Monday, 14 March 2011. It occurred during Committee of the Whole House (HL) and Debate on bill on Postal Services Bill.

Postal Services Bill

My Lords, the noble Lord has sat down. Did I hear him say that a sale through an IPO per se was unlikely? Clearly there is a difference between a sale through an IPO and a sale to an individual but, as my noble friend Lord Young and I have pointed out, it is perfectly straightforward to say that the public interest would have been served in the 1980s if there had been tranches. Presumably, the noble Lord is saying that the financial position of Royal Mail makes tranches impossible. In that case, it is up to him to prove that he would not be making a catastrophic mistake in an IPO about the initial sale price. Is that not correct?

Secondary information

Type
Proceeding contribution
Reference
726 c102 
Session
2010-12
Chamber / Committee
House of Lords chamber
Subjects
Disability Conditions of employment Assets Industrial relations Investment Private sector Northern Ireland Privatisation Property transfer Older people Staff Post offices Postal services Ofcom Post Office Scotland Small businesses Shares Trade unions Wales Rural areas Royal Mail Universal service obligation Parcelforce
Legislation
Postal Services Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk