There was only one loser in this Royal Mail privatisation: the taxpayer

The Treasury was badly advised on the sale, relying on firms accused of unethical practices and corporate greed

Thatcher would have screamed, "What! Flogging off her majesty's mail, cheap and to a bunch of spivs?" She always refused to sell Royal Mail. Her latterday apostle on Earth, Margaret Hodge, said as much on Tuesday. As the public accounts committee chairman, she savaged the business secretary, Vince Cable, for last winter's sale of Royal Mail. He had promised: "There is...