Julian Smith
Main Page: Julian Smith (Conservative - Skipton and Ripon)(11 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text
Vince Cable
We are building on the success of the modernisation of the last few years, and I pay tribute to the management and the work force who have made that possible. The one factor that the hon. Lady’s model does not deal with is how a company of that kind raises substantial amounts of capital when it would be in direct competition with schools, hospitals and other bodies that require public sector investment. That is the big inhibition at the moment.
Julian Smith (Skipton and Ripon) (Con)
Settle post office, deep in the Yorkshire dales, has benefited hugely from the Government’s Post Office reforms. Will the Secretary of State confirm that one of the most rural areas of Britain will benefit even more from the changes he has announced today?
Vince Cable
Post Office Ltd is a separate organisation under a publicly owned umbrella, and within that there are large numbers of highly competitive, self-employed entrepreneurs who run the post office network. We are supporting it substantially, modernising it and preventing large-scale closures. There is indeed an excellent future for the hon. Gentleman’s local post office.