Miliband attacks PM over hedge funds that made millions from Royal Mail

Ed Miliband has accused David Cameron of having double standards after the government handed a “golden ticket” to hedge funds to make millions of pounds out of the privatisation of Royal Mail while imposing restrictions on postal workers.

The Labour leader highlighted the contrast between the lucky “priority investors” – six of whom sold their Royal Mail shares at a quick profit – and postal workers, who are not allowed to sell their shares.

The Bureau of Investigative Journalism reported on Monday that one of the investors was the Landsdowne hedge fund, whose co-head of development strategy, Peter Davies, was George Osborne’s best man.
Read more: Miliband attacks PM over hedge funds that made millions from Royal Mail | UK news | theguardian.com.