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Ms Vennells gave testimony over three days, watched by those affected by the Post Office scandal.
A leading think tank warns more tax rises or cuts to public services could lie ahead.
It marks the sixth consecutive year Royal Mail has fallen short of its postal targets.
A law quashing convictions from the Horizon IT scandal received Royal Assent late on Friday.
The deal will create a financial business with millions of customers and about £89bn worth of assets.

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