Royal Mail sell-off: Goldman Sachs admits share price will ALMOST DOUBLE and predicts redundancies at postal service

The taxpayer could have lost £1.7billion after a bank that told the Government to sell Royal Mail on the cheap nearly doubled the postal firm’s price tag.

Mega-wealthy Wall Street giant Goldman Sachs advised the ­Government to flog a big chunk of the taxpayers’ stake in the postal giant at 330p a share.

Yet, in a startling admission of how wrong it was, the bank today advised investors that Royal Mail’s share price would settle at 610p in a year’s time.

Analysts also predicted job losses would boost profits.

Read more: Royal Mail sell-off: Goldman Sachs admits share price will ALMOST DOUBLE and predicts redundancies at postal service – Mirror Online.