Business Secretary Vince Cable has "categorically rejected" claims that taxpayers lost out over the sale of Royal Mail.
The coalition has been accused of selling the company too cheaply after shares initially increased by more than a third and broke through the 500p mark within a week.
Appearing in front of the Business Select Committee alongside Business Minister Michael Fallon, Cable said the privatisation operation was good for the taxpayer and for the future of the six day a week delivery service offered by Royal Mail.
Mr Cable said no decision had been made on whether to pay a multimillion-pound performance bonus to banks which advised the Government on the sell-off, adding it could take years before a judgement is made.
More top news
Donald Trump's revised immigration ban targets the same seven Muslim majority countries listed in his original executive order, sources say.
People convicted of cruelty against animals should face much harsher prison sentences, some charities have claimed.
Theresa May has been warned by EU ministers that Britain's Brexit negotiators must be prepared to compromise or risk a "crash landing".