Former Credit Suisse banker James Leigh-Pemberton said today that UK taxpayers got value for money on the sale of shares in Lloyds Banking Group by UK Financial Investments, when asked in his first public appearance as head of the body whether it was a better deal for the public than Royal Mail.

Appearing before the House of Commons Treasury Select Committe this morning, he was asked by Andrea Leadsome, a Conservative MP, "Did you get better deal than say the Royal Mail? Is there any evidence you secured better value for money?"