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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Actor Dustin Diamond allegedly stabbed a man in a bar in the US after getting into an argument on Christmas Day.
Over the next 24 hours we are going to see snow and ice across many parts, although it is looking calmer from Sunday onwards.
A young grey seal found in a farmer's field on Monday is making progress say RSPCA staff. He's thought to have a head injury.