Media playback is unsupported on your device

Royal Mail sell-off: Chuka Umunna on Labour policy

15 September 2013 Last updated at 15:03 BST

Labour will not pledge to renationalise the Royal Mail as it would be "completely irresponsible" and "like writing a blank cheque" said the shadow business secretary.

Chuka Umunna said it was not known how much the coalition government would raise from its planned sell-off, and added Labour aimed to be "fiscally responsible government and that is why I am not prepared to do that."

Full Sunday Politics interview: Chuka Umunna and Andrew Neil

More from the Daily Politics: Watch full programmes from the last seven days via BBC iPlayer; 'like' us on Facebook page or 'follow' us on Twitter