Post Office (Hansard, 18 November 1991)

§ Mr. Henderson
To ask the Secretary of State for Trade and Industry (1) what plans he has to privatise Post Office Counters Ltd;
(2) what plans he has to privatise Parcelforce;
(3) what plans he has to privatise Post Office Letters.

§ Mr. Lilley
I have no present plans to privatise the Post Office or any constituent part of it.

§ Ms. Walley
To ask the Secretary of State for Trade and Industry if he will give details of the real unit cost target for 1992 in respect of the Post Office.

§ Mr. Lilley
The Government set efficiency targets in the form of a cumulative percentage change in real unit costs —RUC—for Royal Mail Letters and for Post Office Counters Ltd., but not for Parcelforce, in recognition of the strongly competitive environment in which it operates.
The current RUC targets relating to the three-year period 1989–90 to 1991–92 are minus 1 per cent. for Royal Mail and minus 2 per cent. for Counters. New targets for 1992–93 onwards have not yet been set.