Safeguards if the Post Office is corporatised

Tynwald buildings, Douglas

Tynwald buildings, Douglas

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There will be a full consultation over plans to run the Post Office as a state-owned private company.

The plans were thrown into disarray when Tynwald voted to support the principle of corporatisation but rejected the mechanics to make it possible.

In the Keys, Peter Karran (LibVan, Onchan) asked what safeguards would be put in place to stop a corporatised post office from competing unfairly.

Economic Development Minister Laurence Skelly MHK replied that the project is at a relatively early stage.

He said: ‘A full consultation will be held over the summer to enable all interested parties to express their views on all aspects of the process including safeguards that should or should not be put in place. My department will be leading on this consultation.’

Mr Skelly said Tynwald will have the chance to debate and vote on the memorandum and articles of association and so have an input into any safeguarding clauses members may require.

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