Royal Mail privatisation £180m underpriced, review says

The government made £180m less from the £2bn sale of Royal Mail than it could have, a report commissioned by Business Secretary Vince Cable has said.

It says shares could have been valued up to 30p more than the flotation price of 330p because of the high level of demand from banks and individuals.

However, former City minister Lord Myners, who led the report, said this would have involved "substantial" risk.

MPs have suggested taxpayers lost out by £1bn in the 2013 privatisation.

Read more: BBC News – Royal Mail privatisation £180m underpriced, review says.