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Mr. Cousins
To ask the President of the Board of Trade what plans he has for the future of Parcelforce; and if he will make a statement.
Mr. McLoughlin
[holding answer 15 June 1993]: My right hon. Friend the President of the Board of Trade announced on 15 July 1992 his intention of privatising Parcelforce—Official Report, column 1137. Decisions on the most appropriate method and timing for the sale will be announced in due course.