It's no secret Royal Mail was sold off for far too little. JP Morgan reckoned it could be worth up to £10bn with most other estimates putting its value somewhere £6-7bn.

With a sell-off of this nature the government has one chance to get it right. By not getting full value, it means government spending will have to come from more taxes or more debt. Got shares and don't care? Well you're still going to get screwed.