Debates between Judith Cummins and Liam Byrne during the 2024 Parliament

Royal Mail Takeover

Debate between Judith Cummins and Liam Byrne
Monday 16th December 2024

(1 week, 1 day ago)

Commons Chamber
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Judith Cummins Portrait Madam Deputy Speaker (Judith Cummins)
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I call the Chair of the Business and Trade Committee.

Liam Byrne Portrait Liam Byrne (Birmingham Hodge Hill and Solihull North) (Lab)
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I welcome the statement made by this hard-working Minister. I take it from the announcement that Mr Křetínský has cleared the investment screening tests that the Cabinet Office is responsible for. It would be useful to have that confirmed.

Let me press my hon. Friend about the universal service obligation. Is it his intention that beyond the initial five years he will seek six-day delivery and a universal service obligation in place for Royal Mail for as long as His Majesty’s Government retain the golden share?

Justin Madders Portrait Justin Madders
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I thank the Chair of the Select Committee for his comments. The golden share is to deal with tax residency and headquarters being domiciled in the UK. Obviously, there will be discussions about the universal service obligation. We know that this is a fast-moving market, and that will be for determination by Ofcom some time next year.