Question

To ask the Secretary of State for Business, Innovation and Skills, on what date banks were informed of the decision to limit Royal Mail shares to people applying for shares of a value 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.