Royal Mail

Debate between Vince Cable and Lisa Nandy

Wednesday 10th July 2013 Commons Chamber

[Vince Cable]

Of course we need to get tough with systematic tax avoidance. My colleagues in the Treasury have been setting out how we want to do that, because it was allowed to happen for far too long. The essential point is that this is not just a typical business; it is a major national institution with social obligations. That is why I began by saying that the overarching objective is to secure the universal service obligation.

[Lisa Nandy (Wigan) (Lab)]

The Secretary of State only has to look at the rail and energy companies to see examples of how badly executed privatisation has led to sub-standard service and high prices that put those services out of the reach of many of my constituents. Is he seriously telling this House that he is going to ignore the overwhelming concern of the majority of the British public and fail to protect such a vital institution?

[Vince Cable]

We had 12 years of a Labour Government who had an opportunity to reverse many of the privatisations that occurred, and they did not. I presume that was a recognition that the balance of advantage was positive.