My Lords, the amendment is extremely constructive. However, I have a concern, which is the one echoed by my noble friend Lady Kramer. For those of us who argued long and hard during the last Bill for an employee share structure—which was resisted by the then Government—I am worried that we should be too prescriptive at present as to the form that the employee share scheme should take. Those of us who have had experience in the private sector in employee share schemes know that there are a lot of ways to skin that particular cat—this may well be one of them, but, having fought and won the battle to get at least 10 per cent held by an employee share scheme, I am worried that we will overcomplicate the Bill.
Postal Services Bill
Proceeding contribution from
Lord Razzall
(Liberal Democrat)
in the House of Lords on Wednesday, 16 March 2011.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Postal Services Bill.
About this proceeding contribution
Reference
726 c260-1 Session
2010-12Chamber / Committee
House of Lords chamberSubjects
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