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Statements

Subject Item
dbr:Postal_Services_Act_2011
rdf:type
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rdfs:label
Postal Services Act 2011
rdfs:comment
The Postal Services Act 2011 is an Act of the Parliament of the United Kingdom. The Act enabled the British Government to sell shares in Royal Mail to private investors and includes the possible mutualisation of the Post Office. The Act was granted Royal Assent on 13 June 2011 and the majority of its provisions came into force on 1 October 2011.
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dcterms:subject
dbc:Privatisation_in_the_United_Kingdom dbc:Postal_system_of_the_United_Kingdom dbc:Royal_Mail dbc:United_Kingdom_Acts_of_Parliament_2011
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c. 5
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yes
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dbr:Postal_Services_Act_2000 dbr:Communications_Act_2003
dbp:territorialExtent
United Kingdom
dbp:id
T9ig0AbhqTs sNqswvLPeRM
dbp:introducedBy
dbr:Vince_Cable
dbp:longTitle
An Act to make provision for the restructuring of the Royal Mail group and about the Royal Mail Pension Plan; to make new provision about the regulation of postal services, including provision for a special administration regime; and for connected purposes.
dbp:parliament
Parliament of the United Kingdom
dbp:shortTitle
Postal Services Act 2011
dbp:status
Current
dbp:title
Postal Services Bill as explained by Postal Services Minister Edward Davey, part 1 Postal Services Bill as explained by Postal Services Minister Edward Davey, part 2
dbp:year
2011
dbo:abstract
The Postal Services Act 2011 is an Act of the Parliament of the United Kingdom. The Act enabled the British Government to sell shares in Royal Mail to private investors and includes the possible mutualisation of the Post Office. The Act allows private buyers to own up to 90% of Royal Mail, with Royal Mail staff being offered at least 10% of the shares of the company. It enabled the Post Office business to be separated from Royal Mail, to allow it to remain in government ownership or to be mutualised. It provided for the government to take over the assets and liabilities of the Royal Mail pension scheme, which had a considerable deficit. It allowed for the transfer of regulatory responsibility from Postcomm to the communications regulator Ofcom. The Act also wrote into law the requirement for Royal Mail to maintain a six day a week universal service. During its passage through the House of Commons, the government added an amendment to include a guarantee that a silhouette or portrait of The Queen's head would remain on British postage stamps even if the Royal Mail were to be taken into foreign ownership. Following this stage it was considered by the House of Lords, and the government added further amendments to safeguard the universal service. The Act was granted Royal Assent on 13 June 2011 and the majority of its provisions came into force on 1 October 2011.
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0001-06-13
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n17:enacted
dbp:royalAssent
2011-06-13
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dbr:Act
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