Royal Mail Sell-Off Shelved

(Press Association) – PART PRIVATISATION OF THE ROYAL MAIL will not go ahead as planned, because of the depressed state of the economy, Business Secretary Lord Mandelson has announced.

Lord Mandelson told the House of Lords that there was ‘no prospect’ of the sale going ahead in the current economic circumstances.

A delay in the controversial sell-off, which is opposed by many Labour MPs, had been expected after Lord Mandelson told the Financial Times, on Monday, that his Postal Services Bill was being ‘jostled’ for space in the legislative programme.

He told peers that the state of the economy made it ‘impossible’ to obtain value for money for the taxpayer; but, he added: ‘When market conditions change, we will return to the issue.’

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  1. […] Mail part sell-off shelved I do hope somebody removes that shelf, puts it in a large bag along with a very large rock, and launches it in the river of […]

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