Royal Mail sell-off plan on hold, says Mandelson (Guardian Unlimited)

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Business secretary confirms sale of minority stake will go ahead as the company’s finances reach ‘crisis point’ Lord Mandelson has admitted plans to sell a 30% stake in the Royal Mail are on hold. The move will delight backbench Labour MPs, 140 of whom threatened a Commons revolt over the issue. The measure was due to go to parliament before the summer recess but the business secretary said the …

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