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Vince Cable has said the "last thing" he intended to do was apologise for the Government's undervaluation of the Royal Mail (Other OTC: ROYMF – news) . The Business Secretary said the Government was right to take a "cautious" approach to the sale and had it not done so it would have put taxpayers' interests at risk. The National Audit Office found that the "deep caution" shown by ministers when …
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