UNREST AT ROYAL MAIL Facing union pressure, election setbacks, and a revolt by backbenchers in his own party, Gordon Brown's Labor government has abandoned plans to sell off a 30 percent -- originally a 49 percent -- share of Royal Mail to a private bidder. Royal Mail is close to a...

RECESSION LEAVES NATIONAL POSTS GASPING FOR AIR FIRESTORM OVER ROYAL MAIL PRIVATIZATION A proposal to bring in outside investors to shore up Royal Mail threatens Labour government. In late February, Business Secretary Peter Mandelson revealed that Royal Mail's total pension deficit would be revalued to between £8 billion and £9 billion, so...