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Royal Mail sell-off scandal: Business Secretary Vince Cable to face MPs' select committee over £1.4 billion investor discount
Cable and Fallon to face Commons business committee over why Royal Mail was sold to investors at below its market value, cheating the taxpayer out of £1.4bn
Under-fire Business Secretary Vince Cable will face MPs over why he gave profiteers a £1.4 billion discount on the Royal Mail, ministers announced yesterday.
Mr Cable will be questioned on April 29 by the business select committee, which is drawing up a report on the sell-off. He will be accompanied by Michael Fallon, a minister in Mr Cable’s Business Department.
Sources told the Star that the committee will recommend naming investors involved in hoodwinking the taxpayer out of hundreds of millions of pounds.
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