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
More than 90% of hospices in England have been rated 'good' or 'outstanding' in a wave of new inspections.
Britain's youngest MP in 350 years said that the Commons still has a 'boys club atmosphere' which is 'alive and well'.
The National Lottery is upping the number of balls from 49 to 59, a move statisticians point out will make hitting the jackpot harder.