15 March 2009

Mandy prepares for the Royal Mail U-turn

The spin gathers pace as Mandy prepares to back off on the part sell-off the Royal Mail.  The reason is the Labour backbench rebellion.  The spin is the bidders are short of cash.  Funny how the bleeding obvious comes to light all of a sudden.

A Government source said:

It doesn't take a genius to work out that there are big problems with the plan. They will not bring a bill before the Commons before they are ready to do so, and they are certainly not ready at the moment.

Indeed My Lord.

Place your bets when the U-turn will be announced.  While Obama takes tea with HMQ?  During the G20?  Brown might just as well use the summit to do something useful!

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