The Government pressed ahead with "an unnecessary and botched fire sale of Royal Mail," the shadow trade minister said.
Ian Murray said as a result of this, taxpayers "have been short changed by hundreds of millions of pounds while the Government's 'priority' City investors made a killing at the public's expense."
Mr Murray said: "The cross-party committee's damning report reinforces the significant criticisms which have already been made by the National Audit Office and others.
"David Cameron's Government still has serious questions to answer."
More top news
The US rapper was killed in a drive-by attack in 1996 at the age of just 25.
Innocent Betty Laird, 88, died after the car she was travelling in was deliberately crashed into to make fraudulent insurance claims.
At least one person has died in the crash after the plane came down in the city of Riverside shortly after take off.