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Thursday, October 01, 2009

The Great British Fire Sale

Labour, in a dash to halve the country's debt, plan sweeping spending cuts and asset sales of up to £75BN.

In theory, according to Labour (the election is looming), this will negate the need to increase taxes.

Labour are conducting an inventory of assets that could be sold off at rock bottom "recession" prices, including Ordnance Survey.

It is ironic that we will see a return to the heady days of Tory privatisation, under a Labour administration. However, the key difference being this time that the assets are being sold at rock bottom prices and under duress.

1 comment:

  1. Anonymous11:42 AM

    Fire-sale disposals fits with McClown's disposal of our gold reserves at rock bottom prices, so is entirely consistent with Labour's economy wrecking plan.