Oral Answers to Questions

Dennis Skinner Excerpts

Thursday 7th February 2013 Commons Chamber

[The Minister for Universities and Science (Mr David Willetts)]

Postgraduate education is very important. We have maintained funding for it through the Higher Education Funding Council for England, but I am following with great interest the imaginative ideas being brought forward and we are open-minded if people have proposals for increasing access to borrowing and finance for postgraduates.

[Mr Dennis Skinner (Bolsover) (Lab)]

In an earlier question, on the privatisation of Royal Mail, the Minister deliberately referred to the fact that shares would be sold off to the people in Royal Mail. It almost harks back to the “share-owning democracy” of Mrs Thatcher, when she privatised all the public utilities and almost without exception those public utilities—E.ON, EDF and all the rest—are now owned by Germany, France, Spain and even further afield. That is what happens to share-owning democracies. Instead of gazing into crystal balls, read the history!

[Michael Fallon]

I not only read the history, I remember the history because I was here, when the hon. Gentleman and his colleagues—

[Mr Skinner]

You voted for it!

[Michael Fallon]

I voted for it, and he and his colleagues advised the workers in BT—[Interruption]—not to buy the shares and more than 90% of them did buy them. In this instance, Parliament has quite rightly provided that up to 10% of the shares should be reserved for employees. I think that the more than 130,000 people who work for Royal Mail should have the chance to share in the success of their company.