die belebende Bedenkung

Still feel good

with 2 comments

The Treasury would probably like you to believe that the government’s sale of Eurostar last year was a marvellous result for the taxpayer, wrote James Moore.

[The Government needs to work on its sums when selling off state assets, James Moore, The Independent, 20 January 2016]

[…] Last March it agreed to offload the state’s 40 per cent stake for £585m. A further £172m was brought in through the redemption of preference shares, netting £757m for the cash-strapped Exchequer.

But here’s the first problem: the House of Commons Public Accounts Committee (PAC) believes that sum represents only a fraction of the taxpayer’s investment in the business and the high-speed rail link between London and the Channel Tunnel (known as HS1). The National Audit Office says UK taxpayers have spent £3bn on these services.

[…] That could only be considered a good return by people who’d put money into the banking industry before the financial crisis struck. Still feel good about the forthcoming high-speed rail link between London, Birmingham and the North (HS2)?

Written by beleben

January 20, 2016 at 11:37 am

Posted in High speed rail, HS1, HS2

2 Responses

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  1. eurostar sold to whom ?


    January 20, 2016 at 9:08 pm

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