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
From church bells to pageants on the Thames, festivities are prepared for the moment the Queen overtakes Victoria.
Four men have admitted conspiracy to burgle in connection with the Hatton Garden safety deposit raid.
Thousands have begun walking to Austria from Budapest, as others break free of transit camps elsewhere in the country.