Chancellor George Osborne
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George Osborne announces Royal Mail stake sale

Government spending is to be cut and its remaining 30% stake in Royal Mail is to be sold, the Chancellor has announced.

George Osborne's plan, announced in the Commons on Thursday, comes ahead of further reductions to be announced in July.

The Chancellor said the move would help pay down the national debt but Labour accused him of "ripping up" his long term economic plan by springing the announcement on MPs.

Economics editor Robert Peston reports.

  • 04 Jun 2015
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