Home / Royal Mail / Royal Mail Sale 'Left Taxpayer Short Changed By £750m' – NAO Report

Royal Mail Sale 'Left Taxpayer Short Changed By £750m' – NAO Report

Royal 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 spending watchdog, said that the government's desire for a successful Royal Mail sale, by ensuring investors were not put off by a prohibitively …

More: continued here

About admin

Check Also

Royal Mail facing grilling from MPs over service issues

Royal Mail has failed to meet its annual first and second class delivery targets since …

Leave a Reply

Your email address will not be published. Required fields are marked *