Henry Smith
Main Page: Henry Smith (Conservative - Crawley)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.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Vince Cable
As I said in response to an earlier question, the price of a first-class stamp is regulated and subject to the approval of Postcomm.
Henry Smith (Crawley) (Con)
I spoke with Royal Mail employees when I visited their sorting office in Crawley a few months ago, and they were pleased with the free shares they were given. Will my right hon. Friend say how important that is in terms of employees having a stake in their future business?
Vince Cable
Yes, and I think that 140,000 employees now have shares valued at about £4,000 each. More important than the face value of the shares is the fact that employees have a direct and personal stake in the success of the company. That is why we did it.