Vince Cable
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Business Secretary Vince Cable defends Royal Mail sell-off

Taxpayers may have lost out on about £1bn from the undervaluing of Royal Mail, a committee of MPs has said.

The Business, Innovation and Skills select committee says ministers were given "poor quality" advice and failed to get a good enough return on privatised Royal Mail assets.

But Business Secretary Vince Cable has defended the Royal Mail sell-off.

  • 11 Jul 2014
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