Taxpayers lost out on roughly £1bn in the Royal Mail initial public offering due to poorly-priced shares, MPs have said.
The government acted on poor advice and let its fears of industrial action by the postal service's workers drive the IPO, rather than consider what the proper value for the business was, a damning report...
View from the front row
Project Libra unveiled
Including SJP and investment trusts
Spent two years at Sanlam
Will also assess FCA's actions