Cable: Hooper paints clear picture of way forward for Royal Mail
September 10, 2010 11:31 AM
Originally published by UK Liberal Democrats
Originally published by UK Liberal Democrats
Business secretary Vince Cable today said updates to the Hooper report, published today, paint a clear picture of the way forward for the Royal Mail.
"This update reaffirms the findings of Richard Hooper's original report and the views he has given me during the course of the summer. He paints a very clear picture - Royal Mail is facing a combination of potentially lethal challenges - falling mail volumes, low investment, not enough efficiency and a dire pension position," he said.
"We are determined to safeguard Royal Mail for the future and help it tackle these challenges. We will come forward with new legislation in the autumn. It will draw heavily on Hooper's analysis and recommendations and the Government's wider objectives, including the need for employees to have a real stake in the future of the business."
What would you like to do next?
-
Subscribe for updates
Follow the party's activity on...
- Twitter:
- Liberal Democrats
- Facebook:
- Liberal Democrats
- YouTube:
- Liberal Democrats