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78120
star this property registered interest false more like this
star this property date less than 2014-07-15more like thismore than 2014-07-15
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
unstar this property answering dept short name Business, Innovation and Skills more like this
unstar this property answering dept sort name Business, Innovation and Skills remove filter
unstar this property hansard heading Royal Mail remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 9 April 2014, Official Report, column 292W, on Royal Mail, from which directorate each member of staff working on the privatisation of Royal Mail was drawn. more like this
star this property tabling member constituency Streatham more like this
star this property tabling member printed
Mr Chuka Umunna more like this
star this property uin 206032 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-07-22more like thismore than 2014-07-22
unstar this property answer text <p> </p><p> </p><p> </p><p>The core team of 17 people working on the sale of Royal Mail shares comprised staff from the Shareholder Executive. Staff in other BIS Directorates contributed to the work - primarily from Legal Directorate, Finance Directorate, Press Office and Economics and Markets Directorate.</p><p> </p><p> </p><p> </p><p>The project received scrutiny outside BIS from the Cabinet Office’s Major Projects Authority and a Treasury Approval Point panel. <br></p><p> </p> more like this
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-07-22T14:37:08.0917749Zmore like thismore than 2014-07-22T14:37:08.0917749Z
star this property answering member
4070
star this property label Biography information for Matt Hancock more like this
star this property previous answer version
11679
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock remove filter
star this property answering member
4070
star this property label Biography information for Matt Hancock more like this
star this property tabling member
4128
unstar this property label Biography information for Chuka Umunna more like this
78359
star this property registered interest false more like this
star this property date less than 2014-07-16more like thismore than 2014-07-16
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
unstar this property answering dept short name Business, Innovation and Skills more like this
unstar this property answering dept sort name Business, Innovation and Skills remove filter
unstar this property hansard heading Royal Mail remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what (a) meetings and (b) discussions on the privatisation of Royal Mail took place between (i) Ministers, (ii) officials, (iii) the Financial Adviser to HM Government, (iv) the banking syndicate working on the privatisation and (v) priority investors (A) ahead of and (B) since the privatisation of Royal Mail. more like this
star this property tabling member constituency Streatham more like this
star this property tabling member printed
Mr Chuka Umunna more like this
star this property uin 206368 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-09-10more like thismore than 2014-09-10
unstar this property answer text <p> </p><p><strong> </strong></p><p> </p><p> </p><p> </p><p>There were no meetings between Ministers or Officials and investors in the lead up to the IPO. Regular meetings and discussions took place between Minsters and Officials, and between Officials and Advisers and Glocos ahead of the IPO. Since then, officials have met with members of the banking syndicate and investors in relation to Select Committee hearings.</p><p> </p><p> </p><p> </p> more like this
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-09-10T15:38:49.2969918Zmore like thismore than 2014-09-10T15:38:49.2969918Z
star this property answering member
4070
star this property label Biography information for Matt Hancock more like this
star this property previous answer version
13049
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock remove filter
star this property answering member
4070
star this property label Biography information for Matt Hancock more like this
star this property tabling member
4128
unstar this property label Biography information for Chuka Umunna more like this
77836
star this property registered interest false more like this
star this property date less than 2014-07-15more like thismore than 2014-07-15
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
unstar this property answering dept short name Business, Innovation and Skills more like this
unstar this property answering dept sort name Business, Innovation and Skills remove filter
unstar this property hansard heading Royal Mail remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what assurances were sought from priority investors ahead of the privatisation of Royal Mail on long-term holding of shares by (a) Ministers in his Department (b) Officials in his Department (c) the Financial Adviser to the Government and (d) the banking syndicate working on the privatisation. more like this
star this property tabling member constituency Streatham more like this
star this property tabling member printed
Mr Chuka Umunna more like this
star this property uin 206026 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-10-15more like thismore than 2014-10-15
unstar this property answer text <p>No assurances were sought from the priority investors ahead of the sale of shares in Royal Mail.</p><p> </p><p> </p><p> </p><p>Any mechanism which requires a buyer to give up the rights normally associated with shares, such as a restriction on the right to sell those shares for a period of time, would be reflected in the price investors would be prepared to pay for those shares.</p><p> </p><p> </p><p> </p><p>These investors gave the Government confidence to take forward the IPO which raised nearly £2bn for the tax payer and reduced the risk that the tax payer to support the universal postal service.</p><p> </p> more like this
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock more like this
star this property question first answered
less than 2014-10-15T13:24:04.1152597Zmore like thismore than 2014-10-15T13:24:04.1152597Z
star this property answering member
4070
star this property label Biography information for Matt Hancock more like this
star this property previous answer version
11677
star this property answering member constituency West Suffolk more like this
star this property answering member printed Matthew Hancock remove filter
star this property answering member
4070
star this property label Biography information for Matt Hancock more like this
star this property tabling member
4128
unstar this property label Biography information for Chuka Umunna more like this