Baroness Burt of Solihull
Main Page: Baroness Burt of Solihull (Liberal Democrat - Life peer)Royal Mail
Baroness Burt of Solihull ExcerptsUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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Vince Cable
The Government’s advisers were from Lazard, which had no financial incentive whatever in the sale.
Lorely Burt (Solihull) (LD)
Does my right hon. Friend agree that, despite the great hindsight shown by the Labour party, the decision was taken on the basis of the risks that we faced at the time? We should not have taken risks at any cost. If we had, the Labour party would be criticising us for a failed privatisation instead of a successful one.
Vince Cable
My hon. Friend is absolutely right. I strongly suggest that the Opposition Members who are getting excited read the NAO report carefully, because it spells out what would have been the costs to the taxpayer had the IPO failed.