Home / Royal Mail / Vince Cable Under Fire Over £1 Billion Loss To Taxpayers From Sale Of Royal Mail

Vince Cable Under Fire Over £1 Billion Loss To Taxpayers From Sale Of Royal Mail

Taxpayers have lost £1 billion over the privatisation of Royal Mail because the Government underestimated demand for shares, a committee of MPs has reported. Ministers were accused of being afraid to fail over the controversial sell-off last year, and of receiving "poor quality" advice. The Business Select Committee said taxpayers were missing out on "significant value." In a hard-hitting report …

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