Nick Clegg: We got 'value for money' from Royal Mail sale

[TrueBlueTerrier]

http://www.moneymarketing.co.uk/news-an ... 73.article" onclick="window.open(this.href);return false;

Deputy Prime Minister Nick Clegg says the Government got value for money from its sale of Royal Mail.

Speaking at Prime Minister’s Questions today while Prime Minister David Cameron was on a trade mission in China, Clegg said he is taking a long-term view.


The Royal Mail was privatised last month at 330p but its price have rocketed 75 per cent to more than 580p today.

Business secretary Vince Cable, who had ministerial responsibility for the sale, has described the increase as “froth”.

Business, Innovation and Skills select committee chair Adrian Bailey has criticised the Government’s pricing of the sale.

Clegg was today asked by an MP whether the Government had secured “value for money” with its privatisation.

He said: “Our judgment is yes. It would be easy to make a call according to the price of the market on any given day.

“However, as on so many issues, we are determined to take a long-term view and not score short-term political points.”

[houseoflords]

What's an idiot like him know about anything, get back under your stone you Tory sympathiser

[Chelseablue]

Hanger on ,corrupt c o ck .

[barbario]

Its the sale price that the taxpayer has lost out on thats the problem,not the long term view

[Wessex]

He will get a cushy EU number ,mark my words.This was a Lib_Dem driven sale to please their EU overlords.The fact that it didn't make what it should have done is of no consequence to them,except they wereprobably hoping the Tories would get the blame.No matter for Clegg if Vince Cable takes the flak though.

[k979aaa]

Have we ever got VFM off the Liberal Democrats NO so no wonder no one will vote for them ever again after getting into bed with the Conservative Party!

[Chelseablue]

Who voted this millionaire cnuts in!..,?. Let me think ,,