Botched Royal Mail sale lost taxpayer £1bn

Botched Royal Mail sale lost taxpayer £1bn
 

Taxpayers have lost £1 billion over the privatisation of Royal Mail because the UK 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 taking “poor quality” advice.
The business select committee said taxpayers were missing out on “significant value.”
In a hard-hitting report, the committee also expressed 
concern that the government had failed to get an adequate return on privatised Royal Mail assets, such as multi-million-pound sites in London.
The MPs concluded that... read more

 
11 July 2014 in Hot News, Views: 32
Source: Scotsman
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