The Business Secretary has refused to apologise over the Government's handling of the privatisation of Royal Mail, after a critical report from the spending watchdog. The National Audit Office said ministers sold shares for less than they were worth.
One of the ministers involved in the privatisation of Royal Mail has insisted the Government did not short-change the taxpayer by setting the share price too low.
Business Minister Michael Fallon told Radio 4's Today programme.
The Business Secretary says he has no intention of apologising over Royal Mail shares which rose sharply in value on the day they were sold.
The government sold it's 60% stake for £1.98 billion but more or less ever since has been accused of short-changing the taxpayer.