Royal Mail
Debate between Vince Cable and Paul BurstowUrgent 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Paul Burstow (Sutton and Cheam) (LD)
The NAO report shows that about 167,000 employees of Royal Mail —nearly 100%—have taken up the option of the free shares, which has given them a stake in its future. When a sale delivers nearly £2 billion to the taxpayer, creates nearly 700,000 retail investors and gives so many people a stake in the future of their business, is it not something that we should celebrate?
Vince Cable
Our party has always been a strong believer in worker share ownership, and we have taken one of the biggest steps forward in recent years as a result of that process.