HC Deb 31 July 1998 vol 317 c772W
Mr. Brady

To ask the Secretary of State for Trade and Industry if he will make a statement on the future of Parcelforce. [54243]

Mr. Mandelson

As my right hon. Friend the President of the Council announced on 6 April 1998,Official Report, column 63, the Government are committed to the Post Office remaining in the public sector. Against that background, the Government are reviewing the Post Office's organisation, structure and financing with a view to ensuring that the Post Office can be given greater commercial freedom to enable it to compete effectively in the UK and overseas. The review includes consideration of the future status of Parcelforce, and the potential for its return to profitability