Monday, Nov 24, 2008
More Back Door Privatisation of Common Wealth Assets
Telegraph: Selling off the family silver to pay for spending
Alistair Darling is to help pay for his spending splurge by making more than £30billion of cuts from Whitehall costs
and selling off a series of state-owned household names.
Among the British institutions earmarked for sale within the next two years are the Met Office, mapmaker Ordnance Survey and the Forestry Commission.
The list is also thought to include the Queen Elizabeth II Conference Centre in Westminster. Channel 4 is excluded for the moment, but will be assessed by Lord Carter, the new communications minister.
Gordon Brown set a target of raising £36billion from disposals by 2011 and more than £18billion has been raised so far, mostly by offloading surplus land and property.
^^^^^^^^^^^^^
However, the current financial turmoil means it is a buyer's market.
14 Comments
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1. renting2 said...
Shades of Maggie Thatcher!
2. jack c said...
"Channel 4 is excluded for the moment" - I hope Location, Location, Location isnt under threat (LOL)
3. planning4acrash said...
But it all goes to the shadow banking system (multi-quadrillion derivatives trade), coz they got the bailout/takeover money.
Our only hope is for the shadow banking system to collapse and it be replaced with liberty.
4. malct said...
jack c - never mind piggin locydocy
what about Bremner Bird and Fortune's Silly Money series?
there might be no repeats
phew, thank big brother for the internet
5. enuii said...
Darling has reached the back of the kitchen drawers and is scraping around for coppers. Ordnance Survey is virtually worthless as the majority of its mapping is chronically out of date and suffering from the effects of Sat Nav. The Met Office may be worth a little more but other than being a public service it's income lines are limited especially in a downturn. As for the Forestry Commission it's been on its uppers for years and any sale will be viciously contested by leisure users, the ramblers association and the countryside alliance because the land and minerals underneath it are worth more than the trees and leisure opportunities on it.
6. malct said...
talking of silly money keep an eye out here for part four
http://www.thedossier.ukonline.co.uk/music_satire.htm
Bremner Bird & Fortune - Silly Money
A satirical four-part look at the global financial system
stream part 1 google video
stream part 2 google video
stream part 3 google video
stream part 4 google video
7. malct said...
enuii - agreed, they really are effin desparate
take a look at the royal devenport dockyard NOT
sold lock stock and barrel to Kelloggs CornFlakes (KBR) part of Haliburton
Look at the Apache helicopter gravy train
EDS and the - no I can't do it it's too painful
the NHS computer system - same
PFI - spending by stealth 30 years credit / debit - taxing three generations
Talking about (my) generation - "Won't be fooled again" oh yeah like "WHO" do we thank for that punch line?
certainly not my grandchildren, that's for sure
what? who? me? you're joking, I was only doing what they - oops oh dear I see what you mean - hanging it is then.
8. drewster said...
malct,
If I may just correct you: Kellogg Company, the makers of cornflakes etc, are no relation to KBR (formerly Kellogg Brown & Root), an engineering company who are part of Halliburton.
Given that this government is known for its spectacular ability to dispose of assets at the lowest possible price (cf gold sales), should we be looking to pick up some bargain stocks here? Or are we likely to see these sales go straight to private equity companies?
9. planning4acrash said...
PFI, PPP, acronyms for fascism. Corporations and Government in total partnership against the people.
10. malct said...
8. drewster said...
malct,
If I may just correct you: Kellogg Company, the makers of cornflakes etc, are no relation to KBR (formerly Kellogg Brown & Root), an engineering company who are part of Halliburton.
^^^^^^^^^^^^^^
arghh!! - disappointment
drewster - with respect I don't need you to tell me cornflakes have nothing to do with KBR Haliburton
I was trying to appeal to people who eat cornflakes - and make them think - but I should have known better
KBR of course has its roots in Brown Brothers Harriman and UK banking - but that's another story
Along with Warburgs and Bush and the Bank of England giving Hitler money that allowed Germany to make bombs that fell on London, whilst starving Tyneside shipyards of funds to build a decent Royal Navy - Jarrow March
I'm a Geordie miner's - cut
Hansard Parliamentary records confirm
11. drewster said...
malct - I meant no offense. Just had to clarify what you had written for the benefit of anybody who didn't know.
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