Postal Services Bill — Third Reading — Privatisation of Royal Mail — 12 Jan 2011 at 19:00
Dominic Grieve MP, Beaconsfield voted to privatise up to 90% of Royal Mail and for related restructuring.
The majority of MPs voted in favour of the Postal Services Bill at its third reading; approving the Bill as it stood and enabling it to continue on its path to becoming law.
Key provisions of the Bill:
- Restructuring of Royal Mail, including the introduction of private sector capital and expertise from the sale of up to 90% of Royal Mail, an employee share scheme and provisions for Post Office Ltd to continue to be owned by the Crown or a mutual ownership structure
- Transferring the historic liabilities of the Royal Mail’s pension scheme to the Government.
- Transferring regulatory arrangements for postal services from Postcomm to Ofcom
- Provides for “special administrative regime” should the universal postal service be at risk from the provider entering insolvency proceedings
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (Aye)||Minority (No)||Both||Turnout|
|Con||279 (+1 tell)||1||0||91.8%|
|Lab||0||220 (+2 tell)||0||86.4%|
|LDem||40 (+1 tell)||1||0||73.7%|
|Mike Hancock||Portsmouth South||whilst LDem (front bench)||no|