Rishi Sunak poised to U-turn on Tory plans for privatisation of Channel 4

Rishi Sunak is poised to ditch plans to privatise Channel 4 after 40 years of public ownership in another major U-turn. The Prime Minister vowed to push ahead with moves to sell off the public service broadcaster during the Tory leadership contest in the summer. But industry insiders are expecting the plan to be dropped from the upcoming Media Bill as Mr Sunak overhauls his policy agenda, according to the FT. Culture Secretary Michelle Donelan said in September that she would review the privatisation proposal put forward by Boris Johnson’s administration. The privatisation plan, which would have marked the biggest sale of a state-owned asset since Royal Mail in 2013, triggered a backlash from the industry and some parts of the Tory party. Rishi Sunak was interviewed by Andrew Neil on Channel 4 during the leadership race in the summer ( Image: Channel 4) A Government source said the privatisation proposal was being reviewed but no decisions had been made. It comes as Downing Street signalled that all of Mr Sunak’s promises were on the table as the Government scrambles to fix the economic turmoil triggered by Liz Truss’s disastrous stint in office. "We are looking at all the campaign… Read full this story

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