The Guardian Why the Royal Mail sell-off proved a right royal rip-offThe GuardianMinisters' fear of failure and poor advice from City advisers were two reasons why taxpayers were ripped off in the privatisation of the Royal Mail, concludes the business select committee. Fair comment. The National Audit Office reached a similar … More: continued here
Taxpayers lost out on at least £1billion because the Government flogged Royal Mail on the cheap, a committee of MPs has found. The group’s scathing report said Business Secretary Vince Cable massively underestimated the demand for shares because of shoddy advice from bankers. More: continued here
The controversy over the £3.3bn privatisation of Royal Mail has erupted again as an influential group of MPs has criticised Vince Cable over his handling of the sale. In a coruscating report, the Business, Innovation and Skills (BIS) Select Committee endorsed the view of the National Audit Office (NAO) that taxpayers had been left short-changed…
Taxpayers may have lost out on around £1bn in undervalued Royal Mail shares and assets, a committee of MPs says. More: continued here
New York Times Britain to Review IPO Process After Criticism of Royal Mail OfferingNew York TimesLONDON – The British government began an “informal review” on Wednesday of how it pursues initial public offerings of government assets in the wake of questions about whether the Royal Mail offering last year was properly priced. Vince Cable, the…
BBC News Taxpayers 'lost £1bn' on Royal Mail sale, MPs sayBBC NewsTaxpayers may have lost out on around £1bn from the undervaluing of Royal Mail, a committee of MPs has said. The government feared failure and acted on bad advice over the Royal Mail stock market flotation, reports the Business, Innovation and Skills …Lord Myners to…
CITY A.M. Royal Mail sale set for new probeCITY A.M.Myners and a panel of experts have been drafted in as the Business, Innovation and Skills (BIS) select committee prepares to publish a damning report into the Royal Mail sell-off, which argues that taxpayers were left shortchanged after shares in the … More: continued here
TAXPAYERS have lost £1 billion in the "botched" sell-off of Royal Mail because the UK Government underestimated the demand for shares, according to a damning new report. More: continued here
Sell-off expert says Royal Mail sale delivered poor valueFinancial TimesThe intervention by David Parker, an emeritus professor at Cranfield University, comes as a committee of MPs said the government's fear of failure and poor quality advice led to taxpayers missing out on £1bn in last year's Royal Mail flotation. More: continued here
Taxpayers have lost £1 billion over the privatisation of Royal Mail because the Government underestimated demand for shares, a committee of MPs has reported. More: continued here