Royal Mail

BBC News Business Secretary Vince Cable defends Royal Mail saleBBC NewsBusiness Secretary Vince Cable has defended the privatisation of Royal Mail, despite criticism from the spending watchdog. Mr Cable said it had achieved its primary objective of selling the shares and reducing the risk to taxpayers. It came after the …

Royal Mail Sale 'Left Taxpayer Short Changed By £750m' – NAO ReportHuffington Post UKRoyal Mail's privatisation left taxpayers short changed by £750 million as ministers were "too cautious" in their pricing of the business at just 330p-a-share, a hard-hitting official report has found. The National Audit Office, the government's public …

Business secretary insists the privatisation was a success but Chuka Umunna says taxpayers were 'disgracefully shortchanged to the tune of hundreds of millions of pounds' More: continued here

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 …

Royal Mail was 'undervalued & sale left public short-changed'ITV News… sale left public short-changed'. The National Audit Office has completed its independent assessment of the way in which the sale of Royal Mail was conducted and has come to the clear view that the government sold the company for less …

By Neil Maidment LONDON (Reuters) – Britain sold off Royal Mail too cheaply, the spending watchdog said on Tuesday, prompting the main opposition Labour party to accuse Prime Minister David Cameron's government of failing to look after the interests of taxpayers. Britain's decision to sell a 60 percent stake in …

UK Auditor Says Royal Mail Was Sold off CheaplyABC NewsBritain's public-spending watchdog says the government cost taxpayers millions by selling off the Royal Mail at too low a price. The National Audit Office says shares in the postal service were sold "substantially below" their actual trading price … More: continued …

The Prime Minister has defended the Royal Mail (Other OTC: ROYMF – news) sell-off, claiming it has been good for the taxpayer, despite a report saying the public purse had lost out. David Cameron said the sale had benefited the taxpayer in three ways: it had generated money for the …

It was a hasty sale that lined the pockets of bankers and desecrated one of Britain's most historic public institutions by handing it over to the profiteering private sector at an outrageous discount. Such is the view of many who opposed the sell-off of communications firm Royal Mail, led by …

The Guardian Undervaluing Royal Mail shares costs taxpayer £750m in one dayThe GuardianThe government's desperation to sell Royal Mail cost taxpayers £750m in a single day, the National Audit Office has said in a scathing report into the privatisation of the 500-year-old national institution. The public spending watchdog says the …