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Royal Mail Float May Not Have Got Best Taxpayer Value – Vince Cable

Vince Cable has admitted that Royal Mail 's controversial stock market flotation may not have got the "maximum value" for the taxpayer, as MPs accused him of letting it be sold at a "ridiculous" price. Members of the Commons business select committee criticised the Lib Dem business secretary's handling of the Royal Mail sale, which left taxpayers potentially £750m out of pocket in its first day …

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