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Written question asked by Chuka Umunna (Labour) on Thursday, 10 September 2015, in the House of Commons. It was due for an answer on Monday, 14 September 2015. It was answered by Anna Soubry (Conservative) on Tuesday, 15 September 2015 on behalf of the Department for Business, Innovation and Skills.


Royal Mail

Question

To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 30 June 2015 to Question 4159, how the level of fees paid to firms for their work in the disposal of shares in Royal Mail was determined; what key performance indicators were set and what outcomes were identified for that work; and whether a competitive tendering process took place.

Answer

The level of fees was determined on the basis of previous fees charged for similar services relating to the sale of Government assets and was subject to a competitive tendering process.

The key performance indicator and outcome in this instance was the delivery of a successful secondary sale of Royal Mail shares.


Secondary information

Type
Written question
Reference
9933
Session
2015-16
Related items
Royal Mail
Tuesday, 30 June 2015
Written questions
House of Commons
Grouped for answer
Yes
Subjects
Contracts for services Fees and charges Government shareholding Privatisation Shares Royal Mail
Link
View this Written question on www.parliament.uk