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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Absolutely not. It was a successful operation and the National Audit Office confirms that.

David Nuttall Portrait Mr David Nuttall (Bury North) (Con)
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Despite the accusations that the Government undervalued the property assets of Royal Mail, will my right hon. Friend confirm that the public prospectus provided a complete picture of their value?

Vince Cable Portrait Vince Cable
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Yes, indeed. That is one of the specific points that was raised by the Business, Innovation and Skills Committee. An independent evaluation of the property assets was carried out and that was disclosed properly in the prospectus.