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NAO says Royal Mail sale short-changed taxpayer

The National Audit Office (NAO) said on Tuesday the government's cautious approach to last year's sell-off of state postal group Royal Mail had led to a sale price that had short-changed the taxpayer. The government's decision to sell a 60 percent stake in Royal Mail last October for 330 pence a share has been heavily criticised by opposition politicians as too cheap after shares in the firm …

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