Early August, with the London Olympics in full swing, might seem a strange time for the Prime Minister to communicate a major policy shift. But much depends, of course, on how many waves he wants it to make and the answer might well be: as few as possible. For if, as is confidently expected, David Cameron announces that the Government is to abandon House of Lords reform, there is bound to be political fallout and there will be those who will seize upon it to forecast the destabilisation, if not the imminent end, of the Coalition.
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