Peter Tapsell
Main Page: Peter Tapsell (Conservative - Louth and Horncastle)Department Debates - View all Peter Tapsell's debates with the Cabinet Office
(10 years, 6 months ago)
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The Prime Minister
What I said was that I wanted to see a third of my Front-Bench Ministers being women at the end of a Conservative Government. We have made some important progress on the numbers of people on the Front Bench. With respect to my coalition partner, I have to say that, in terms of Cabinet numbers, the Liberal Democrats need to do a bit more to pull their weight on that issue, but I hope to make further progress.
Sir Peter Tapsell (Louth and Horncastle) (Con)
Reverting to the subject of Royal Mail, as the leader of the stockbroking team that brought British Gas to the market and as the author of the phrase “Ask Sid”, may I tell the Prime Minister that the Opposition’s questions about, and their criticisms of, the way in which the Royal Mail launch was handled show their total ignorance of City markets? The fact is that when one tries to make an immense sale, one has to take infinite trouble to find people to underwrite it, and they are not able to prophesy what stock markets will be like a week ahead. Therefore, the prudent way in which this sale was handled was very sensible—[Interruption.] Do stop waving. You are waving goodbye.
Mr Speaker
Order. People should not gesticulate at the right hon. Gentleman. I know that he is nearing his completion.
Sir Peter Tapsell
If an issue fails, those institutions responsible for its launch are ruined.
The Prime Minister
The Father of the House makes an important point: when state-owned industries are privatised, if they are sold for less than the price set out, that is written off as a failure, and if they are sold for anything more than the price, you are accused of undervaluing the business. That has always been the way and, as I said, that is what Labour said about British Airways, British Telecom and British Aerospace. Labour opposed every single move to build a strong, competitive private industrial sector in our country and that continues today.