Home / Royal Mail / Taxpayer loses out on billions as Government admits Royal Mail was sold for less than half estimated value

Taxpayer loses out on billions as Government admits Royal Mail was sold for less than half estimated value

Banks told bungling ministers that Royal Mail was worth up to £8.7billion before its controversial sell-off. The Government ignored the advice and valued the postal giant at £3.3billion – a shocking £5.4billion less.

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