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".

ITV News Political Correspondent Libby Wiener reports.

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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.