Question

To ask the Secretary of State for Business, Innovation and Skills, on what date the decision was taken to set the limit the public offering of Royal Mail shares to those applying for shares of a value of less than £10,000.

The decision to limit the allocation of shares under the Royal Mail Retail Offer to those applying for less than £10,000 was taken by Ministers on 9 October 2013.

The banks involved in the sale of Royal Mail shares were informed on the same day as the decision was made.