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The British government took a cautious approach in pricing the initial public offering of Royal Mail and thus failed to get the best deal for the taxpayer, the National Audit Office said on Tuesday. More: continued here

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British auditor: Government too cautious in Royal Mail privatizationU.S. News & World ReportFILE – In this Thursday, Sept. 12, 2013 file photo, a worker walks past parked Royal Mail vans at London's Mount Pleasant sorting office. Britain's public-spending watchdog said Tuesday, April 1, 2014 that the government cost taxpayers millions …

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 …

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

Slate Magazine Big-Box Stores Make Billions Off Food Stamps. Often It's Their Own Workers …Slate MagazineBallard's food stamp card, officially known as an Electronic Benefit Transfer, or EBT, card, had been recharged with $340 that night, a moment she'd been anticipating. As frugal as she tries to be, her food …

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 …