Conspiracy theory

I'm not usually into conspiracy theories. However, a series of news stories have caught my eye and make me wonder if there might not be more than meets the eye going on.
Story one: Growing Power of Lord Mandelson - The series of stories based on this theme has made it clear that Mandelson is effectively deputy Prime Minister (at least), and has vast power in Government.
Story two: Labour Government to introduce constitution bill - Sounds boring enough on the surface, except that it contains a provision to allow life peers to give up their peerages (a pre-requisite to being elected to the House of Commons).
Story three: Labour delays Glasgow North-East by-election - Labour has refused to name a date for the by-election, leaving open the possibility that it could be held as late as November.
Story four: Some discussion in today's Evening Standard (which I rubbished not long ago) that Labour members are talking about a leadership coup in the autumn if Gordon Brown does not improve.

As I say, I'm not a member of the tin foil hat brigade. However, one possible reading of these stories (if you were so inclined) is the following:
Lord Mandelson, already the most powerful man in government, intends to use the new Constitution Act to resign from the House of Lords, seek to re-enter the Commons through the Glasgow North-East by-election and then topple Gordon Brown in the late autumn to become de jure Prime Minister. Or, possibly, Lord Mandelson will topple Gordon Brown, THEN fight the Glasgow by-election.

Of course, this is by no means likely. But if it comes to pass, you heard it here first!