Postal Services Bill

Lord Jenkin of Roding: My Lords, I listened to the noble Lord with some interest, but I should have thought that, if ever a brand name would be of immense value to anyone who bought the business afterwards, it is that of Royal Mail. I hope that I am not being indiscreet but when I discussed privatising Royal Mail while I was in the Department of Industry in 1981, I was told brusquely, ““It’s royal—we can't touch it””, so it has been delayed for my noble friends to bring to the point now which I would really have liked to have seen a long time ago.