Did Andrew Lansley mislead the House on 16 Jan 2014

[TrueBlueTerrier]

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Ian Murray (Shadow Minister (Business, Innovation and Skills); Edinburgh South, Labour)

Shares in Royal Mail closed at 616p yesterday, which was their highest ever price and 90% more than the issue price of 330p. May we have a statement from the Business Secretary on why he sold Royal Mail at 330p, and why he finds it acceptable that the taxpayers of this country lost £750 million?


Andrew Lansley (The Leader of the House of Commons ; South Cambridgeshire, Conservative)

The Secretary of State for Business, Innovation and Skills and the Minister of State, Department for Business, Innovation and Skills, my right hon. Friend Michael Fallon gave evidence to the BIS Committee that amply illustrated how, after many years of failure to secure the necessary private sector investment in Royal Mail, this was a very positive step forward. Securing a successful sale was an achievement. The Secretary of State and the Minister responded to the points put to them, and the Select Committee will report in due course.

[TrueBlueTerrier]

I am probably wrong but I thought before Privatisation we could not get investment from the private sector, but if so how can he claim failure.

[knackeredneedadayoff]

Its just froth