Question

To ask the Secretary of State for Business, Innovation and Skills, what assurances the Government sought from (a) its financial adviser and (b) the syndicate of banks in advance of the privatisation of Royal Mail.

The Government’s financial adviser and the syndicate of banks providing professional services to support the preparation and delivery of the Royal Mail share sale were procured through competitive tendering processes. Advisers procured in this way provide assurance that they will deliver the services commissioned through the terms and conditions of their contractual engagement.