Lord Hanson of Flint
Main Page: Lord Hanson of Flint (Labour - Life peer)
Vince Cable
I totally agree with my hon. Friend. We wish to work with employees, and particularly the union that represents them. My colleague the Minister of State, the right hon. Member for Sevenoaks (Michael Fallon), and I have regular conversations with that union, and wish it to be positively engaged with the share sale process.
Mr David Hanson (Delyn) (Lab)
Will the Secretary of State tell the House how much will be paid in commission to banks or handling agencies for the sale of those shares to people who are buying things that they actually already own?
Vince Cable
The process will be competitive, as is right, and designed to achieve value for money for the taxpayer. As the right hon. Gentleman will know, it is practice to enclose details of those fees in the prospectus, and he will see that in due course.