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Royal Mail Sale Has 'Cost The Taxpayer', Warns Tory MP

The Royal Mail's controversial privatisation has ended up costing the taxpayers money, a Tory MP has warned, as it was undervalued by the banks before it entered the stock market. Brian Binley, Tory member of the Business select committee, accused Goldman Sachs and UBS, the banks which advised the government on valuing Royal Mail at 330p a share, of not offering "helpful" advice. Speaking as …

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