Royal Mail Debate

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Tuesday 1st April 2014

(10 years, 7 months ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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Yes, I do. We need to go back to the fundamental reason why not just this Government but the Labour Government accepted that the company had to go into private ownership: it was about mobilising a large amount of investment without it falling on the public accounts. That is what we have achieved.

Pete Wishart Portrait Pete Wishart (Perth and North Perthshire) (SNP)
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Seventy-seven per cent. of Scottish people opposed the Royal Mail privatisation and 78% of Scottish MPs voted against it, but Scotland got it. After this travesty, what should the Scottish people do this year to ensure that we get the postal services that we want and require?

Vince Cable Portrait Vince Cable
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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.