Royal Mail flotation is 'politically motivated fire sale'

Labour's shadow business secretary Chuka Umunna said the Government was selling off the Royal Mail to make amends for George Osborne's "failed plan":

Ministers are pushing ahead with this politically motivated fire sale of Royal Mail to fill the hole left by George Osborneā€™s failed plan.

This is taking place despite opposition from a huge coalition including the Conservative Bow Group, the Countryside Alliance, the National Federation of Subpostmasters, the cross party BIS Select Committee as well as Royal Mail employees themselves.

The Government has not addressed the huge concerns which remain on the impact the Royal Mail sale will have on consumers, businesses and communities, but ministers are ploughing on regardless.

– Chuka Umunna

Read more: Business Editor Laura Kuenssberg on why the Government and the unions are in a race over the Royal Mail sell-off

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Royal Mail sell-off 'in weeks'

The Government has confirmed its controversial plans to sell shares in Royal Mail in the "coming weeks." Business Secretary Vince Cable said it was an "important day" for the Royal Mail and its employees.