People pressure does work ...

Prime Minister Howard withdraws Federal government's Snowy Hydro stake from sale - see PM Press release.

Excerpt:

PRIME MINISTER:It's a response to public concern. The reason we are changing our position on this is that the public is unhappy with the sale of the Snowy and there is no good public policy reason from our point of view why the sale should go ahead. I mean, if there were some huge policy gain in selling the Snowy we would have maintained our position, but there's not. And if the public is unhappy and there is no benefit for the nation, why wouldn't we be willing to change our position?

Perhaps that will be the Federal government's position on 30 July ...