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The Impending Cuts and Sell Offs

Disgruntled Liberal | 25.10.2010 02:25 | Public sector cuts

The Spending Review is reviled for its cuts. But who has noticed the asset sales that are being sidled through.

Back to Thatcher, Page 6 of the Spending Review reads

"invests in the low carbon economy, including through £1 billion of DEL funding and
additional significant proceeds from asset sales for a UK-wide Green Investment Bank, and up to £1 billion for one of the world’s first commercial scale carbon capture and storage demonstrations on an electricity generation plant;"
(SPENDING REVIEW p6)

"Asset sales
1.96 The Government has made substantial progress on the key asset sales and
commercialisations announced in the June Budget including, for example, introducing enabling legislation for Royal Mail on 13 October. Decisions on how and whether to proceed with sales of the Government’s interests in NATS and the Student Loan Book, and a decision on the future of the Tote, will be taken by Budget 2011. The Government intends to hold an auction in 2011‑12 for 800MHz and 2.6GHz spectrum, suitable for delivering the next generation of mobile broadband.

1.97 The Spending Review announces that at least 500MHz of public sector spectrum below 5GHz will be released over the next ten years for new mobile communication uses, including mobile broadband.

1.98 In order to support deficit reduction, the Government will continue to look into the potential sale of other public sector assets, including property holdings, which could operate more sensibly and efficiently in, and with, the private sector."
(SPENDING REVIEW p38)


Given that the Roads are still Publically owned, there is a fair chance that Dave and Nick and the other Condem halfwits will want to sell them as well.

All that we need to return to the cradle of Thatcherism is tax cuts for the wealthiest. Although - the reforms of Child Benefit show that happening anyway.

Disgruntled Liberal

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  1. Forests, too... — Treeless
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