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MPs claim Royal Mail sell-off cost taxpayers £1 billion

Taxpayers have lost £1 billion over Royal Mail's privatisation because the Government underestimated demand for shares, MPs have reported.

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Royal Mail float claims based on 'hindsight', says Cable

A committee of MPs says the taxpayer missed out on an extra £1 billion when Royal Mail was privatised last year.

The Commons business select committee says shares were undervalued, but Business Secretary Vince Cable dismissed the findings as "hindsight".

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