Secretary of State for Business, Innovation and Skills, Vince Cable, made a statement in the House of Commons on Wednesday 10 July 2013 on the flotation of Royal Mail, with shares on the London Stock Exchange via an initial public offering
Shadow Secretary of State for Business, Innovation and Skills, Chuka Umunna, responded to the statement on behalf of the Opposition.
Oral statements are made after Question Time (or at 11am on a Friday) and after any Urgent Questions.
Statements normally relate to matters of policy or government actions.
At the end of a statement, MPs can respond or question the government minister on its contents.
Watching proceedings from the public gallery
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