Michael Heseltine, President of the Board of Trade, is again expected to urge the sell-off of a 51 per cent stake in the Royal Mail at a Cabinet committee on industry. But Richard Ryder, Chief Whip, will warn ministers of the threat of defeat. 'It could go either way,' a ministerial source said.
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Post Office privatisation was hanging in the balance last night after the number of potential Tory rebels on the issue rose to 12.