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Mandelson blames the economy as he shelves plans to sell off Royal Mail

Lord Mandelson yesterday all but killed off the prospect of the Royal Mail being part-privatised before the General Election after he shelved the contentious plan, a move described by opponents as a �humiliating climbdown�.

Lord Mandelson yesterday all but killed off the prospect of the Royal Mail being part-privatised before the General Election after he shelved the contentious plan, a move described by opponents as a "humiliating climbdown".