FUTURE OF ROYAL MAIL (No. 2)

Motion Text

That this House expresses concern following figures published by Compass which show that the sale of Royal Mail at this time would raise £900 million less than just a year ago; recognises that this significantly weakens the case set out by the Government for the part-privatisation of Royal Mail and also raises concerns about achieving value for money; believes that the involvement of the private sector is not required given that all sectors of the Royal Mail Group are now profitable; and calls on the Government to abandon its plans for part-privatisation of the Royal Mail as a matter of urgency, particularly given the current economic downturn, and to pursue alternative funding options which keep the Royal Mail wholly public and competing on a level playing field.