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Selling the Family Silver

Eurostar.jpgThis Conservative led government today announced it is to sell its 40% stake in Eurostar, the high-speed rail service connecting London with Paris and Brussels, as part of a privatisation drive.

The Tory governments Lib-Dem Treasury Chief Secretary Danny Alexander said "This is great news for the people of the UK because after years of neglect, the UK's energy, road, rail, flood defence, communications and water infrastructure needs renewal, it will also make the UK a better place to live for everyone who calls it their home.”

Well I think we all know how much better the PRIVATISED utilities are making everyone, look around there are people in fuel poverty which means you, your relatives and friends can no longer afford to heat their homes, the rail operators increase fares year on year well above inflation, buses no longer travel to rural areas because they are not economical routes.

The only winners in this seem to be the owners and bosses who seem to profit from these sell-offs.

How much undervalued will this one be, look at Royal Mail undervalued by £Billions designed or poor decision, you choose.

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