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.
Vince Cable has hit back at suggestions the Government mishandled the privatisation of Royal Mail.
The Business Secretary said the share offer was "done in a professional and successful way" which achieved ministers' objectives.
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.