Royal Mail Debate

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Philip Hollobone

Main Page: Philip Hollobone (Conservative - Kettering)
Tuesday 1st April 2014

(10 years, 7 months ago)

Commons Chamber
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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.

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Vince Cable Portrait Vince Cable
- Hansard - - - Excerpts

I do not think that is a matter for me.

Philip Hollobone Portrait Mr Philip Hollobone (Kettering) (Con)
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One of the most attractive features of Royal Mail privatisation has been the increase in employee share ownership. I am particularly pleased that free shares were issued to postmen and postwomen, especially the hard-working posties in Kettering. Will the Business Secretary tell the House how much the average stake that Kettering posties have in Royal Mail is now worth?

Vince Cable Portrait Vince Cable
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As I said a few moments ago, the average stake is estimated to be roughly £4,000.