Government to spend £5 million rebuilding postcode data it sold off in 2013

Computer World UK:

Chancellor George Osborne promised to spend £5 million to build an open address register. It’s exactly as it sounds: an open, freely available database with all 29 million UK postal addresses and 1.8 million postcodes.

That database is also something that the government actually used to own until three years ago, when it was sold off as part of the Royal Mail privatisation. We’re now spending £5 million to get it back. Yet more evidence that the sale of Royal Mail may not have been a good deal for taxpayers.

As noted, selling the original PAF was wrong.