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lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-23-06 05:14 PM
Original message
Britain to sell about $85B in assets
http://feeds.bignewsnetwork.com/?sid=7111d996518398b9

Britain will sell about $85 billion worth of assets, including the state-owned nuclear industry and public spectrum airwaves.

Chancellor Gordon Brown also said military firing ranges and a 480-outlet betting chain known as Tote would be sold, the Guardian reported Thursday.
more...
public airwaves and nuclear industry ... I wonder if Dubai or Iran can buy those... I see Blair is learning from George
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movonne Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-23-06 05:18 PM
Response to Original message
1. Are the British going to let this happen???
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baby_mouse Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-23-06 05:43 PM
Response to Reply #1
4. Are we in any position to stop them? :shrug: NT.
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benny05 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-23-06 05:19 PM
Response to Original message
2. While this looks bad
Brown is just announcing more privatization moves by the government. As long as they don't sell to another government-owned entity like Dubai P & O, it's not a bad move. At least they are still spending money on universal health care and baby bonds, something that so foreign to *.

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YDogg Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-23-06 05:33 PM
Response to Reply #2
3. Perhaps it's to help fund their Iraq involvement?
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benny05 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-23-06 06:16 PM
Response to Reply #3
5. The power stuff is a money loser
Nukes have never been able to do cost recovery very well, so they are selling that "asset" which is a liability in some respects.

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corporate_mike Donating Member (812 posts) Send PM | Profile | Ignore Thu Mar-23-06 08:44 PM
Response to Reply #5
6. Yeah, utilities and energy companies made over $200 Billion in profits
last year
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benny05 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-23-06 09:02 PM
Response to Reply #6
7. But in UK and most places
Nuke power is a loser. Were you around 1986 and Chernobyl?

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WhiteTara Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-24-06 10:41 AM
Response to Reply #7
8. yes, and what's happening with that containment
shield? I heard that it was breaking down a few months ago, and now complete silence.
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anotherdrew Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-24-06 12:02 PM
Response to Reply #5
9. then why would anyone buy it? n/t
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benny05 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-24-06 01:47 PM
Response to Reply #9
10. You got me
But someone will if they can get it cheaper than building a new one and if the cost to replace stuff is not prohibitive.
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