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Year
X
1997
Type
House
Session
Month
Department
Member
Primary member
Answering member
Legislative stage
Legislation
Subject
Publisher
If she will set out the Post Office's external financing limit for 1997-98, together with (i) the returns on capital employed by Royal Mail and Parcel Force, (ii) the returns on finance for Post Office Counters and (iii) the real unit cost reductions for Royal Mail. - Figures given.
If she will set out the Post Office's external financing limit for 1997-98, together with (i) the returns on capital employed by Royal Mail and Parcel Force, (ii) the returns on finance for Post Office Counters and (iii) the real unit cost reductions for Royal Mail. - Figures given.
Asked by
Michael Fallon
(Conservative)
Answered by
Ian McCartney
(Labour)
Answering body
Department of Trade and Industry
Type
Written questions
Status
Answered
For answer on
16 July 1997
Answered on
16 July 1997
Mr. Fallon: To ask the President of the Board of Trade if she will set out the Post Office's external financing limit for 1997-98
together with (i) the returns on capital employed by Royal Mail and Parcelforce, (ii) the returns on finance for Post Office
Counters and (iii) the real unit cost reductions for Royal Mail. [8769]
Mr. Ian McCartney: The 1997-98 external financing limit for the Post Office is minus £313 million; the 1997- 98 return on capital
employed targets for Royal Mail and Parcelforce are respectively 20 per cent. and 3.5 per cent.; the 1997-98 return on turnover
target for Post Office Counters Ltd. is 2.5 per cent. and the real unit cost reduction target for Royal Mail is a 6.2 per cent.
reduction by 1998-99 over 1995-96. These targets are, however, under review.
Subjects
External financing limits; Post Office; Post Office Counters; Parcelforce
Date
16 July 1997
Reference
8769; 298 c229W
House
House of Commons