Proceeding contribution from Viscount Eccles (Conservative) in the House of Lords on Wednesday, 16 March 2011. It occurred during Committee of the Whole House (HL) and Debate on bill on Postal Services Bill.
Postal Services Bill
My Lords, I do not think that any of us could possibly disagree with the thinking behind the remarks of the noble Lord, Lord Tunnicliffe, and the noble Baroness, Lady Turner. However, I am back with my noble friend Lady Kramer in questioning whether it would be sensible to include such a provision in the Bill. The problem is that we are faced with an enormous quantum of uncertainty about what will happen to Royal Mail and the Post Office when the Bill is enacted. If we were to accept the amendment, we would be piling one uncertainty on top of another. There may well be a share scheme and an entirely separate agreement between the board and the principal shareholder—which is quite likely to be the outcome—as to what the representation on the board should be. That might indeed include employees. Whether they should be people who are also on a trust holding shares on behalf of the employees, if such a trust were formed, is a matter for speculation. While nobody can quarrel with some of the thinking behind this amendment, and indeed some other amendments, it is very difficult to believe that it would be sensible at this stage to put the matter on the face of the Bill.
Secondary information
- Type
- Proceeding contribution
- Reference
- 726 c252-3
- Session
- 2010-12
- Chamber / Committee
- House of Lords chamber
- Subjects
- Access Disadvantaged Assets Bank services Closures Banks Credit unions Cooperatives Industrial democracy Privatisation Opening hours Post offices Profit sharing Postal services Post Office Small businesses Rural areas Royal Mail Universal service obligation
- Legislation
- Postal Services Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 15:01:29 +0000
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