Jake Berry
Main Page: Jake Berry (Conservative - Rossendale and Darwen)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
I am aware that the Scottish National party has said that it will renationalise the Scottish bits of Royal Mail if it gets independence. It has not explained how it will pay for that, nor has it explained how it will pay for the extra cost of the universal service obligation in an independent Scotland.
Jake Berry (Rossendale and Darwen) (Con)
Did my right hon. Friend receive any representations from the advisers on the IPO price in relation to the damaging industrial action that was proposed by the trade unions to coincide with the privatisation?
Vince Cable
Certainly, one of the significant factors hanging over the privatisation was the threat of industrial action. There was no point in postponing it, because the industrial action would have been rolled over. It certainly had a depressive effect on the market.