Royal Mail sale caution 'cost taxpayer'

PA/AOL Money
Updated
File photo dated 04/04/13 of a Royal Mail sign. Royal Mail is consulting on plans to cut 1,600 jobs, the company has said. PRESS ASSOCIATION Photo. Issue date: Tuesday March 25, 2014. See PA story INDUSTRY Mail. Photo credit should read: Lewis Stickley/PA Wire
File photo dated 04/04/13 of a Royal Mail sign. Royal Mail is consulting on plans to cut 1,600 jobs, the company has said. PRESS ASSOCIATION Photo. Issue date: Tuesday March 25, 2014. See PA story INDUSTRY Mail. Photo credit should read: Lewis Stickley/PA Wire

%VIRTUAL-SkimlinksPromo%The Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a new report which revealed that most investors given priority to buy shares, sold them shortly after making a profit.

The National Audit Office (NAO) disclosed that 12 priority investors sold all or some of their holdings within the first few weeks of trading.

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