Home / Royal Mail / Royal Mail Shares: Labour's Chuka Umunna Attacks Vince Cable's 'Botched' Privatisation

Royal Mail Shares: Labour's Chuka Umunna Attacks Vince Cable's 'Botched' Privatisation

Labour has attacked the government over what it claims was a "botched" Royal Mail sell off that cost taxpayers hundreds of millions in potential revenue, as the communications firm's share price sits over 70% higher than at its flotation. Business Secretary Vince Cable had played down the initial leap in Royal Mail's share price as "froth and speculation". Cable has since faced heavy criticism …

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