Sell, Sell, Sell: Everything Must Go in Great Fire Sale

Rumas

Administrator
Staff member
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'The coalition government in Westminster is in the process of selling off the 49% state stake in the air traffic control service Nats, decommissioned naval ships and its own collection of fine wine.
In the March budget the chancellor, George Osborne, set a target of raising £2bn from asset sales to finance the Liberal Democrat's idea for a green investment bank. The bulk of that is coming from the sale of its remaining stake in Nats and the Tote, the government-owned bookmakers. The private bookmakers Betfred have been chosen to buy the Tote for a reported price of £200m.
Last week, the telecoms regulator Ofcom approved plans to sell spectrum for mobile broadband. Ministers will decide this summer whether to proceed with the sale of the student loan book and in the March budget, the Treasury indicated that plans for a new Public Data Corporation would involve selling public data to the private sector.'
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