All 1 Debates between Vince Cable and Charles Hendry

Wed 10th Jul 2013

Royal Mail

Debate between Vince Cable and Charles Hendry
Wednesday 10th July 2013

(11 years, 4 months ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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Indeed. We are moving to a higher level of private involvement than was envisaged under the 2008 proposals, and the reason, which I have given very clearly, is that that minority state ownership would not have enabled the company to borrow as freely as it should.

Charles Hendry Portrait Charles Hendry (Wealden) (Con)
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I warmly welcome the proposals. Will the Secretary of State say a little more about the Government’s role in setting performance standards and ensuring they are met, specifically in relation to the proportion of letters and packages that should be delivered in a certain time scale and what is an appropriate price for consumers to pay for that service?

Vince Cable Portrait Vince Cable
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The Government will not be involved in day-to-day oversight of Royal Mail; it will be governed by the regulator, which will set the appropriate standard.