(4 days, 9 hours ago)
Lords ChamberMy Lords, of course I am happy to meet with all the stakeholders. No doubt a programme will be put together to do just that.
My Lords, does the Minister accept that one of the best motivators in the workplace is employee share ownership? What do the Government intend to do to increase the extent of employee share ownership? What incentives might they consider?
The noble Baroness makes a very good point. It is slightly beyond my brief today, but I am sure that if there is scope we will embrace that idea, which is a very sensible one.
(4 months, 2 weeks ago)
Lords ChamberAs I say, it is true that some of the individuals are still there. We await the outcome of the inquiry—it is about to come to an end—before we consider whether any further action needs to be taken against any individuals. In the meantime, a restructuring is taking place at the head office. Obviously some jobs may need to go as a result of all that, but we need to make the head office fit for the 21st century. It needs to be a leaner organisation at that point.
My Lords, given the structure of the Post Office at the moment as an arm’s-length body and the acceptance of it as an important part of the community and the country, is the Minister convinced that this arm’s-length structure, which failed so dismally in the past, is appropriate for the future?
The Green Paper will enable us to look at all those issues. As I said, we said in our manifesto that one of the options we are considering is mutualisation, which may be a way forward, so nothing is off the table at this point. We will consider any option for a more efficient way of organising the Post Office, to make sure that the guarantees we think are essential for its long-term future are built into it but that it can be profitable.