Royal Mail

UK taxpayers bear the cost of cautious Royal Mail privatisation — NAO

The UK government’s Department for Business, Innovation and Skills (BIS) approach to the privatisation of the Royal Mail was too cautious, which resulted in the shares being priced at a level substantially below the low end of the price range […]

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A branch of the Northern Rock in Leeds

Northern Rock split estimated to cost taxpayers £2bn

The UK government's rescue of Northern Rock could end up costing taxpayers GBP2bn, a report from the National Audit Office (NAO) claimed today. A decision by the Treasury in

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