Business secretary to answer claims that government vastly undervalued postal service following scathing NAO report
Vince Cable has been recalled to give further evidence on the privatisation of Royal Mail following a damning National Audit Office report that found the government had cost taxpayers £750m in a single day by undervaluing the postal service.
The business secretary will be called before the business select committee on 29 April to answer claims that he botched the sale and allowed City traders to make instant profits at the expense of taxpayers.
Continue reading...