The Guardian Royal Mail sell-off: Chuka Umunna granted urgent Commons questionThe GuardianUmunna announced via Twitter that his question had been granted, and the House of Commons confirmed the urgent question would be asked at 12.30pm BST. Royal Mail shares have soared more than 70% since their stock market debut at 330p a share in … More:…
Royal Mail Sell-Off: Cable Says 'No Apology'Sky NewsAmyas Morse, head of the NAO, said: "The department was very keen to achieve its objective of selling Royal Mail, and was successful in getting the company listed on the FTSE 100. Its approach, however, was marked by deep caution, the price of which …and more » More: continued…
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 … More: continued here
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 the 500-year-old state postal operator…
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 …Undervaluing Royal Mail shares cost…
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 … More: continued here
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 stamps usually run out by…