The British Crown Prosecution Service will formally report tomorrow on the "cash for honours" scandal, and will apparently recommend that no-one face any charges. This is entirely expected - the British establishment always protects its own, even when they've sold peerages or concealed electoral donations in clear violation of the law.
Heads will roll over this. The New Labour establishment is angry with the police for daring to suggest that they are not above the law, and Assistant Commissioner John Yates, who headed the investigation, is likely to be first in line for revenge. Yates may have the last laugh, though - he promised a Parliamentary committee that all the evidence he collected would be made public. So we'll be able to see whether the CPS's decision is in fact reasonable, or whether they're simply engaging in the usual tawdry political coverup.