By Tom Mctague, Mail Online Deputy Political Editor Ministers were today accused of being so desperate to sell off Royal Mail they were prepared to accept 'any cost'. MPs on the influential Business Select Committee attacked the Government for privatising the company on the cheap - leaving taxpayers more than £1billion out of pocket. But Business Secretary Vince Cable and Business Minister Michael Fallon insisted the sale, last October, had been a success. Tory MP Brian Binley said the claim was 'absolutely Alice In Wonderland'. Business Secretary Vince Cable has come under fire from all sides over his handling of the controversial Royal Mail sell-off
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Business Secretary Vince Cable defends privatisation to MPs
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Share price soared by 38% on day of sell-off last October
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Blames low valuation on postal workers threatening to strike over pay
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MPs slam ministers' evidence as 'utterly ridiculous' and 'astonishing'
Mr @placeholder added: 'Two years ago we had a loss-making Royal Mail.