Royal Mail Debate

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Wednesday 10th July 2013

(11 years, 4 months ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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They do, indeed. Trade through the internet is one of the things that Britain does exceptionally well. We are probably the leading country in the world in internet-based commerce. By strengthening Royal Mail, we will be able to create a platform to enable that to increase even further.

Gordon Banks Portrait Gordon Banks (Ochil and South Perthshire) (Lab)
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As a shadow business Minister I opposed this proposal in the Postal Services Bill Committee and in the House. I also oppose what the Secretary of State has said today. May I press him further on the link between Royal Mail and the Post Office? Is he able to guarantee that, post-2022, the vital link between the Post Office and Royal Mail will survive? A simple yes or no will suffice.

Vince Cable Portrait Vince Cable
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The hon. Gentleman says he opposes what we are doing, but why does he not say that he wants to reverse it? That is the question. There is a 10-year agreement, which offers a remarkable degree of security for the Post Office. Frankly, my mind boggles at the fact that the Opposition regard 10 years as inadequate.