John Prescott and the UK constitution @ActivateSummit

The Guardian reports that John Prescott has resigned from the Privy Council.  The issue is that proposals on press regulation have turned up from some newspapers rather than as discussed in parliament. I have not seen this widely reported so this is something the Guardian and Observer do well. ( what print journalists write about bloggers can wait for another time but could be part of the Activate Summit also )

There is some confusion about whether we are citizens in the Uk or maybe we are subjects. There is still a monarchy with links to the Lords who also have connections with media organisations. 

Apparently John Prescott is no longer a right honorable. Surely some mistake?