Vince Cable recalled by MPs over Royal Mail privatisation controversy

Vince Cable has been recalled by MPs to give further evidence on the privatisation of Royal Mail following a damning National Audit Office report that found the government had cost taxpayers £750m in a single day by massively undervaluing the postal service.

The business secretary will be called before the business select committee on 29 April to answer claims that he botched the sale and allowed City traders to make huge instant profits at the expense of taxpayers.

Adrian Bailey, a Labour MP and chair of the committee, has already called for Cable to resign in the wake of the NAO’s scathing report on the sale.

Read more: Vince Cable recalled by MPs over Royal Mail privatisation controversy | UK news | theguardian.com.