There were indications before the sell-off of Royal Mail began of demand "really taking off", according to the chair of the business, innovation and skills select committee.
Labour's Adrian Bailey dismissed claims criticism of the sell-off was all in hindsight and told Good Morning Britain the Government failed to act on clear signs of high demand for shares.
"There were indications before the float that demand for these shares were really taking off. Institutional investors over-subscribed it by 24 times and retail investors...by seven times."
More top news
Taking money from the rich to give to the poor is a debate as old as Nottingham's mythic son, so why are people still so divided on welfare?
An unsettled weekend of weather is in store as conditions turn wet and windy from the west tonight.
Seventy pupils at the Grange School in Runcorn were held in isolation for refusing to remove Marie Curie daffodils from their blazers.