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On my way in to work today on the tube I was astounded to read a fellow traveller's Daily Express: ‘Now a tax on every phone' rang out the headline from the front page, which I immediately dismissed as the usual tabloid hysteria.

The doubling of profits announced by Royal Mail today must end the call for part-privatisation of Britain's postal services.

We're pleased to inform you that 140 MPs have now signed up in support of EDM 428 which calls on the government to abandon plans to privatise Royal Mail and the Post Office. Please continue to lobby MPs who've not yet signed up. We must urgently get new MPs to sign up, in order to keep up the pressure on the government to think again its proposals for privatisation of post services.

Why does much of the British population seem to be in denial? A crime has been committed and 60 million people have been collectively mugged. The current financial crisis has cost every single man, women and child in this country something between £10,000 and £20,000.

"In Government We Trust: the delusions of privatisation" is an interesting title for a book but what does this mean? Well this is what an audience of over 100 came to discuss at last night's event. The event started with a discussion by one of the authors of the book, Warrick Funnel.

We're pleased with the widespread media coverage of our forthcoming campaign on postal services, this has been reported in The Sunday Times, on the front page of Saturday's Independent and in The Telegraph. Compass strongly rejects the proposal that our post service should be part-privatised, instead of selling off this national asset we'd like to see the service invested in and modernised to ensure it is responsive to people's needs in the 21st century and remains a universal service that is publicly owned. In essence we believe that we need "modernisation not marketisation".

Prem Sikka details the politics of banking bailouts and says that one deal in particular is bad for everyone - except the bank's fat cat bosses. In the coming months, the politics of bailouts are likely to receive considerable scrutiny. Without changing the nature of capitalism, financialisation of the economy or democratisation of corporate structures, governments are providing billions of pounds of taxpayers' money to rescue the financial sector.

Treasury Minister Angela Eagle MP has confirmed for our new debate to discuss issues around the current economic turmoil, how we got there and debate what should come next. After market meltdown - a new age for the active state? will take place in Parliament from 6pm on Tuesday 25 November. Other speakers include: Jon Cruddas MP, The Guardian's Larry Elliott, nef economist Andrew Simms, Ann Pettifor author of The coming first world debt crisis and chaired by Neal Lawson.

It looked like Gordon Brown's finest hour. He spoke and the world followed. And the markets steadied.

Harriet Harman, of all people, is developing a good line in jokes about David Cameron. At the TUC in Brighton, I heard her tell this one: "I always say about David Cameron that he wants women for one thing and one thing only: their votes."