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Page last updated at 07:45 GMT, Thursday, 2 July 2009 08:45 UK

Sell-off 'best way to modernise'

The partial sell-off of Royal Mail will not proceed in the current circumstances, Lord Mandelson has said. Richard Hooper, chairman of the independent review of the postal services sector, discusses whether "now is not the time to sell a minority stake in Royal Mail". Billy Hayes, general secretary of the Communication Workers Union, says his organisation has offered Royal Mail a no strike deal if negotiations begin. BBC editors Robert Peston and Nick Robinson reflect on the current interpolation between business and politics.

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