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."
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The prince laid a floral wreath at one of a group of metal crosses near Wellington Arch in central London.
The group, which also owns Premier Inn, said on Wednesday that it will pursue a ‘demerger of Costa’.
The showers will become more frequent as the day goes on, giving some heavy downpours in places during the afternoon.