Blair McDougall

As I mentioned a moment ago, when Royal Mail was taken over, the deed included all sorts of assurances about making sure that the owners cannot take value out of the company until they improve service. Their financial interests are deeply tied to the service that our constituents receive. Turning briefly to the rural post office network, we currently have a network of 11,500 post office branches around the country and most people live within 3 miles of one. However, as Members have pointed out, those averages do not paint the full picture. The Government have invested significantly in the post office network precisely because it provides essential services. Although it is publicly owned, Post Office operates as a commercial business with its own board of directors. It must have the commercial freedom to deliver the branch network within the parameters that we set. Several Members raised concerns about the Green Paper process and whether we would continue with the current level of service. Our starting assumption was that we would, but we thought it was right to have a debate given how long it has been since we had that conversation. Just finally, we absolutely recognise the importance of banking services and the Post Office, which the hon. Member for Richmond Park (Sarah Olney) spoke about. That is why I and the Economic Secretary to the Treasury held a roundtable last month to talk about continuing that relationship.