1 thought on “UK privatisation – proceeds of over £100 billion up for grabs”

  1. Posted 15/07/2011 at 13:44 | Permalink

    I’m all for privatisation. However, it does rather depend on what the proceeds of privatisation are used for – at the moment it would simply going into funding further unsustainable current spending. No doubt a few windfalls would result in a campaign for the proceeds to be used as a substitute for public sector ‘cuts’, such as they are, or some other big public sector project e.g. HS2. To my mind, any action that saw the proceeds of privatisation being used to fund current spending (the banking sector privatisation excepted) would represent selling off the family silver, even if the silver ought not to be in public hands. Any privatisation – which I support – should be strictly ringfenced and used to help pay down the (expicit) national debt.

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