Downing Street Says » Royal Mail

» Thursday, March 19, 2009

Royal Mail

Put that the Chief Whip had said that the Government was listening if anyone could come up with an alternative proposal to selling a shareholding, the PMS said that as we had made clear all along, we thought that the Hooper Review into Royal Mail was comprehensive and produced a compelling case for the modernisation of Royal Mail. We were always open to proposals and ideas, but we felt the Hooper Review was a comprehensive piece of work that provided not just an analysis of the challenges facing Royal Mail, but also a comprehensive list of actions that were required to see through the modernisation of Royal Mail.

Asked if the Government was determined to press ahead with the sale of the stake or was it open to rethinking that, the PMS said that it meant the Government had set out its plans. Of course, we were open to views expressed by others, but we felt that the Hooper Review was a comprehensive and thorough piece of work. We recognised that there were a number of alternative views, but so far, the recommendations contained in the Hooper Report were the most comprehensive set of recommendations for taking forward modernisation.

Asked whether a private stake in Royal Mail was negotiable or not, the PMS replied that he did not have the exact wording of the Hooper Report in front of him, but the position had been set out by Lord Mandelson and other Ministers on several occasions, which was that the participation of private companies in Royal Mail was essential to bring in the kind of expertise needed to see through a successful modernisation of the organisation.

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Royal Mail

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