MP seeks assurances on Royal Mail privatisation

Wealden MP Charles Hendry is seeking reassurances over the planned privatisation of Royal Mail.

Mr Hendry has broadly welcomed the proposals but wants to be assured that “performance standards will be maintained and postal prices will remain affordable”.

He asked Vince Cable, Secretary of State at the Department for Business, Skills and Innovation: “Will the Secretary of State say a little more about the Government’s role in setting performance standards and ensuring they are met, specifically in relation to the proportion of letters and packages that should be delivered in a certain time scale and what is an appropriate price for consumers to pay for that service?”

Mr Hendry said in a statement: “These proposals are the best way forward for the Royal Mail, giving it more commercial freedom, but at the same time insisting that the universal service that we currently receive will remain.

“My question to Vince Cable was to highlight the importance of maintaining those high standards, as well as ensuring that there is independent regulation to ensure that postal prices remain affordable.

“I believe that it the decision to award ten per cent of the company’s shares to the employers is both good commercially and for the owners. We have excellent and dedicated postal workers in Wealden and I am delighted they will be given the chance to share in the success of the business they serve so well.”

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