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Royal Mail privatisation left taxpayers short-changed: watchdog

Taxpayers lost £750 million in the privatisation of Royal Mail as "deep caution" by the government led to shares being underpriced at their initial offering, the National Audit Office (NAO) said Tuesday. The spending watchdog suggested that the 330p sale price at last October's offering was too low — they now trade 70 percent higher — and was driven by the government's determination to …

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