Wednesday, Sep 30, 2009
Gordo Aims to Sell Assets when Market is Bottoming?
Times: Labour to freeze pay and sell assets in dash for cash
"Labour plans to halve Britain’s deficit with spending cuts and asset sales worth £75 billion without resorting to further tax rises". "Cabinet ministers are also being pressed for a list of possible privatisations. They believe that sell-offs, particularly of property, could significantly reduce the deficit". More details of the (secret) plan to reduce Britain’s deficit — expected to reach £200 billion — will be leaked before the Pre-Budget Report ....
Posted by alan @ 11:59 PM (548 views) Add Comment
2 Comments
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1. drewster said...
Do we actually have anything left to sell? British Telecom, British Airways, British Aerospace, British Steel, British Rail, British Leyland, British Petroleum, British Gas, Qinetiq - all sold off ages ago. Even the schools and hospitals are PFI'd away. All that's left is Royal Mail and the BBC.
Oh wait, don't we own a few banks? How about selling off those assets?
2. uncle tom said...
There's loads of MOD land that could be sold for house building..