Royal Mail Debate

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Tuesday 1st April 2014

(10 years, 8 months ago)

Commons Chamber
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Urgent 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 Portrait Vince Cable
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Yes, it was certainly a success.

Barry Sheerman Portrait Mr Barry Sheerman (Huddersfield) (Lab/Co-op)
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Will the Secretary of State comment on what many of my very commonsensical constituents are saying? They are saying that they used to own Royal Mail and now only a very few people own it. Many of these voters are former Liberal Democrat voters. They are asking: when did the Liberal Democrats become so converted to this cause, and, if Goldman Sachs and others made such a hash of the advice, can they get their money back?

Vince Cable Portrait Vince Cable
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Actually, I made the argument for bringing private capital into Royal Mail about 10 years ago.