Royal Mail Debate

Full Debate: Read Full Debate
Wednesday 10th July 2013

(11 years, 4 months ago)

Commons Chamber
Read Full debate Read Hansard Text
Vince Cable Portrait Vince Cable
- Hansard - - - Excerpts

It is a universal service obligation—that is what it says and that is what it means. It is embedded in law and there is no prospect of the scare the hon. Gentleman has just tried to generate for Scotland being manifested in reality.

Alun Cairns Portrait Alun Cairns (Vale of Glamorgan) (Con)
- Hansard - -

Plans to privatise Royal Mail started well before the general election and I congratulate all those who have brought it up to standard and ready for this market opportunity. Postmen stand to gain significantly in financial terms and management will be able to raise capital for investment. Will the Secretary of State reassure me that customers will also be protected, that the robust regulatory arrangement will remain with Ofcom and that it will stand up on their behalf?