Royal Mail sell-off: Chuka Umunna on Labour policy

Labour will not pledge to renationalise the Royal Mail as it would be "completely irresponsible" and "like writing a blank cheque" said the shadow business secretary.

Chuka Umunna said it was not known how much the coalition government would raise from its planned sell-off, and added Labour aimed to be "fiscally responsible government and that is why I am not prepared to do that."

Full Sunday Politics interview: Chuka Umunna and Andrew Neil

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