The government lost between £750m and £1.7bn in selling off the Royal Mail – or three times as much as the bedroom tax might save.
A pledge by Miliband to renationalise the postal service could scare off potential private investors.
In defiance of 96% of Royal Mail workers, ministers hope to complete the sell-off in advance of a nationwide strike.
Ministers are motivated by the desire to make a quick buck, not by what is best for the taxpayer in the long-term.
The important task of getting crucial and confidential letters to people on time is jeopardised by profit-oriented thinking that prioritises getting postmen back to the depot to meet targets.
Six-year money-saving 'pay-as-you-go' contract signed between IT company and public mail group