The Week: City News - Royal Mail plans hit snag

The Government's plan to part-privatise Royal Mail is on the verge of collapse after being met with strong opposition from backbench Labour MPs.

A report in The Sunday Telegraph said that the prime minister has been told that the resistance to the scheme means that he does not have the numbers to get the plans past Parliament. The deal could still go through with the support of the Conservatives, but it is thought Gordon Brown would not favour that route.