Royal Mail sell-off 'a double win for the taxpayer'

The government's remaining 30% stake in the Royal Mail is to be sold off to help pay down the deficit, George Osborne has said.

Labour accused Mr Osborne of "ripping up" his long term economic plan by springing the announcement on MPs.

The Chancellor said the shares would be sold when ministers could be sure they would get value for money, describing it as "a double win for the taxpayer".