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

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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