Royal Mail sale errors taxpayers 'cost £1bn'

PA/AOL Money
Updated
Taxpayers have lost £1 billion over the privatisation of Royal Mail because the Government underestimated demand for shares
Taxpayers have lost £1 billion over the privatisation of Royal Mail because the Government underestimated demand for shares

%VIRTUAL-SkimlinksPromo%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.

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