The leaders debate last week brought some, but not much comment on the most important, but least talked about, issue affecting the UK. This is the fact that over the last 30 years the government, of both colour ties, has sold off the family silver in order to provide return and profit to shareholders and their friends in the city.
Nationalised companies can’t fail
The UK’s utilities network, of just gas and electricity alone, consists of multiple companies running small cut up sections of the country. How could we cut the whole of the Midlands (say) off gas if a company folds? The railway network is confusing, with the tracks owned by Network Rail, formerly Railtrack, privatised in 1996. Railtrack made massive losses following a horrible crash, then approached the government for emergency funding. The government, of course, HAD to bail Railtrack out – we can’t not have a railway network! Anyway, they immediately paid a £137m dividend to the shareholders out of the public gift.
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