Royal Mail in spotlight again as MPs question bankers who handled sell-off

The Royal Mail privatisation will be the subject of fresh scrutiny by MPs next week when bankers from Goldman Sachs and UBS – which handled the sell-off of the 500-year-old institution – are summoned to give evidence to a high-profile parliamentary committee.

The public accounts committee, chaired by Margaret Hodge, who has previously conducted tough evidence sessions on corporate tax, will also hear from top City regulators and senior executives at Royal Mail at sessions next week.

Her committee, which convened the Royal Mail hearings in the wake of the National Audit Office’s damning verdict on the privatisation, is expected to scrutinise how 16 City firms were allowed priority access to the shares.

Read more: Royal Mail in spotlight again as MPs question bankers who handled sell-off | UK news | The Guardian.