Taxpayers have lost £1 billion over Royal Mail's privatisation because the Government underestimated demand for shares, an influential group of MPs has reported.
Ministers were accused of being afraid to fail over last year's sell-off and of receiving "poor quality" advice.
In a hard-hitting report, the Business Select Committee said taxpayers were missing out on "significant value."
The advice ministers received on the sale was not up to standard, the MPs concluded.
More top news
Nasa's Maven spacecraft enters into the orbit of Mars after a 10-month, 442 million-mile journey.
British actress Emma Watson called for more feminists in society and called upon men to promote gender equality in a speech at the weekend.
Twitter falls out of favour and Instagram makes ground in the 2014 CoolBrands UK survey.