UK's Cable Says Labour 'irresponsible' To Talk Up Royal Mail Value

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UK's Cable Says Labour 'irresponsible' To Talk Up Royal Mail Value

UK's Cable Says Labour 'irresponsible' To Talk Up Royal Mail Value
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UK's Cable Says Labour 'irresponsible' To Talk Up Royal Mail Value

by Wochit 0:38 mins

By William James LONDON (Reuters) - British Business Secretary Vince Cable accused the opposition Labour party of irresponsibly talking up the value of shares in the Royal Mail postal service, a day before order books close on Britain's biggest privatisation in decades. Despite the threat of strike action from delivery staff and criticism from opposition lawmakers, the government is close to completing the sale of a majority stake in the 497-year-old Royal Mail, known worldwide for its iconic red postboxes. ...

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