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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I do not think the hon. Gentleman was listening to one of my earlier replies in which I made it clear that an independent valuation of those sites confirmed the authenticity of what was proposed. It was in the prospectus, and nobody has subsequently challenged that.

Peter Luff Portrait Sir Peter Luff (Mid Worcestershire) (Con)
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I have been listening with amazement to the crocodile tears from Opposition Members. Should we not celebrate the successful privatisation of Royal Mail, which enables it to compete more successfully in a challenging environment and give its employees a much more secure future?

Vince Cable Portrait Vince Cable
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Yes indeed, and as I pointed out there were some extremely embarrassing episodes of asset sales under the previous Government and we have learned from their experience.