Chuka Umunna, shadow business secretary
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Royal Mail shares 'flogged off', says Chuka Umunna

The shadow business secretary, Chuka Umunna, says the government "botched" the sale of Royal Mail and rushed it through because it needed to fill a black hole in the deficit.

Mr Umunna was responding to a report by the National Audit Office which said the shares had been priced too cheaply at 330p in October 2013.

  • 01 Apr 2014
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