11/07/2014

Taxpayers Lost Out On Royal Mail Sale - MPs

A committee of MPs has claimed that taxpayers "may have lost out" on about £1bn from the undervaluing of Royal Mail.

A report by the Business, Innovation and Skills select committee claims that a fear of failure made the government act on bad advice over the Royal Mail stock market flotation.

However, the Department of Business criticised the report over "factual errors and misunderstandings."

(MH/JP)

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