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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