In message
<74745481-e0a1-4dac-b565-e8b4f619c0f6@[EMAIL PROTECTED]
>,
=?UTF-8?B?4peEIGlhbXRoZXdpdG5lc3MuY29tIOKWug==?=
<D2Zabcdef@[EMAIL PROTECTED]
> writes
>As Britons struggle under ever increasing gas, electricity and utility
>bills, it is worthwhile remembering that it was the Tories who were
>responsible for privatising these institutions.
>
>They were built with taxpayers’ money, should have been run on a non-
>profit basis for the good of the nation. It was the Tories who sold
>off these utilities to their fat-cat pals, who in turn have sold many
>on to foreign entities.
>
I think it's often forgotten that these weren't lame duck industries. In
fact it would have been hard to find a Merchant Bank to carry out the
floatation if they had been. When Thatcher started selling off the
family silver the Telecom, Energy, Rail & Water companies gave the
treasury about 10% of it's income. So all those profits they made came
to us !
So not only has the chancellor lost a good source of income. But now
many of these strategic industries are owned by foreign companies with
their own agendas (EDF). And of course that lost 10% has had to be made
up by increases in taxation.
Yes we've a lot to hate Thatcher for :-)
--
Edward Cowling Stop Thatcher's State Funeral
http://petitions.pm.gov.uk/thatchfuneral/
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