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Lord Sugar attacks 'bargain basement' Royal Mail sale

Lord Sugar has hit out at the Government's 'bargain basement' sale of Royal Mail Credit: Doug Peters/Doug Peters/EMPICS Entertainment

Lord Alan Sugar has dubbed the Government sell-off of Royal Mail a "bargain basement sale" and demanded an inquiry to find out who benefited from it.

The businessman and Labour peer made his comments during question time in the House of Lords as Government business spokesman Lord Popat said banks who helped with the sale could receive up to £18.4 million in fees.

The Government has faced widespread criticism that it under-valued the company after Royal Mail shares soared from the offer price of 330p to more than £5 during the first few days of trading.

Lord Popat said the key objective had been to "secure value for money for the taxpayer".

Stella English: No regrets over The Apprentice

The Apprentice winner in 2010, Stella English, says she does not regret taking part in the BBC 1 show, despite losing her recent constructive dismissal claim against Lord Sugar and his company, she told Daybreak.

English claimed she was forced to resign from the £100,000 a year job that was her prize for winning series six of the show because "it was not a role of substance". But the claim was dismissed by the tribunal panel which ruled the case "should never have been brought".

Last week Lord Sugar launched a counter claim against Ms English but an East London Tribunal Service panel ruled the mother-of-two should not have to repay legal costs.

Sugar launches counter-claim against Apprentice winner

Alan Sugar has launched a counter-claim against former Apprentice winner Stella English.

Back in 2010 Stella English was 'on cloud nine' after being crowned Lord Sugar's new Apprentice. Credit: PA

English brought a constructive dismissal case against the businessman earlier this year, but her case was dismissed with the tribunal panel ruling the claim "should never have been brought".

Now Sugar has initiated proceedings to try to recoup some of the legal fees he paid.

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Sugar: Apprentice claimant 'underestimated me'

Lord Sugar said in a statement that Stella English's claim was "a derisory attempt to smear [his] name" and her reputation "is now in tatters".

I am pleased that the tribunal has returned this verdict and feel vindicated in the judgment that myself, my companies, the BBC, the TV production company and my staff acted properly throughout Ms. English's employment.

There was never a case for us to answer but her need for money and fame meant that the whole system was subjected to this charade.

I have been cleared of a derisory attempt to smear my name and extract money from me.

The allegations were without substance, and I believe this case was brought with one intention in mind - the presumption that I would not attend the tribunal, that I would not testify and that I would settle out-of-court, sending Ms. English on her way with a tidy settlement.

I'm afraid she underestimated me and her reputation is now in tatters. I have principles and I am not going to be forced to compromise them, no matter how much time and money they might cost me.

– Lord Sugar
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