Business of the House

David Wright Excerpts

Thursday 10th October 2013 Commons Chamber

[Mr Lansley]

My hon. Friend is right, and I join him in expressing appreciation for the tremendous progress that Plymouth university has made and the standards that it is achieving. He and other Members will be well aware not only of the comparative strengths in our higher education system, which are dramatic, but of the contribution that they are making to our economic recovery and our future prospects. If we are going to win the global race, it will be on the basis of knowledge-based industries. The connection between universities and higher education and the new industries of the future is critical.

[David Wright (Telford) (Lab)]

May we have a debate on the privatisation strategy, which colleagues have mentioned, with a particular focus on Royal Mail? Many people feel that that sale is outrageous and that a lot of smaller investors have been locked out of the process by the fee level.

[Mr Lansley]

This House passed legislation that permitted the privatisation to go ahead, and many small investors will have seen the advantage in seeking to be party to that privatisation and part of the future of Royal Mail—a future that will be stronger by virtue of its access to private capital.