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.... “It will very profoundly affect every aspect of the army’s operations,” the MoD source told me. There were many privatisations in the 80s and 90s, where national assets were snapped up by the private sector. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:30:38 AM
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....”. However, others support the mooted cap, including Stephen Fitzpatrick, chief executive at supplier Ovo Energy: “Almost 20 years after privatisation it is clear the energy market is failing the customers it should serve. ... [Read full article on Daily Express ]
Wednesday 26th of April 2017 12:01:00 AM
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Latest Finance News related to Privatisation

Millions could reclaim CASH on energy bills after an unexpected mild winter image
Source : Daily Express [Read Article] Wednesday 26th of April 2017 12:01:00 AM
....”. However, others support the mooted cap, including Stephen Fitzpatrick, chief executive at supplier Ovo Energy: “Almost 20 years after privatisation it is clear the energy market is failing the customers it should serve. ...
Green Investment Bank sell-off described as a disaster by critics image
Source : Guardian [Read Article] Thursday 20th of April 2017 03:22:54 PM
....7bn to buy the bank, with a further £600m in future funding commitments for existing GIB projects. The privatisation drew strong criticism from environmental groups and opposition parties. ...
Green Investment Bank to be sold off in £2.3bn deal image
Source : Guardian [Read Article] Wednesday 19th of April 2017 08:54:43 PM
....3bn sale of the Green Investment Bank to the Australian bank Macquarie, according to sources close to the process. The privatisation of the bank was expected in January but signoff was delayed in the face of stiff political opposition and wrangling over the final price. ...
Services matter image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:13:46 PM
.... . Critics say that would make it harder for any government involved to reverse the privatisation of any services that had been transferred to the private sector. ...
Royal Mail union warns of industrial action over pension scheme closure image
Source : Guardian [Read Article] Thursday 13th of April 2017 08:44:38 AM
....”. He added: “We will not stand by and watch the company abandon the pension promises it made at the time of privatisation which threatens our members with massive cuts to their future pension benefits and insecurity and poverty in retirement. ...
Strike threat after Royal Mail closes pension scheme image
Source : BBC [Read Article] Thursday 13th of April 2017 07:32:05 AM
...."The CWU has made clear that any attempt by the company to impose change without agreement will be met with the strongest possible opposition, including a ballot for industrial action," said Ray Ellis, the union's acting deputy general secretary. "We will not stand by and watch the company abandon the pension promises it made at the time of privatisation which threatens our members with massive cuts to their future pension benefits and insecurity and poverty in retirement. ...
Putin's illiberal stagnation in Russia offers up a valuable lesson | Joseph Stiglitz image
.... But I believe what we are confronting is partly the legacy of the flawed Washington consensus that shaped Russia’s transition. This framework’s influences were reflected in the tremendous emphasis that reformers placed on privatisation, no matter how it was done, with speed taking precedence over everything else, including creating the institutional infrastructure needed to make a market economy work. ...
British rail is nationalised all over again – by foreign states image
Source : Guardian [Read Article] Saturday 1st of April 2017 02:59:28 PM
....7bn passenger journeys made in the UK each year will be on trains operated by foreign firms. And all of those firms are ultimately owned by foreign states – which outrages unions and others who call rail privatisation into question. ...
South West Trains: Hong Kong firm MTR to help run rail franchise image
.... Company". South West Trains is the only franchise to have remained in the same hands since privatisation 21 years ago. ...
If big business is to thrive, it needs a strong welfare state | Phil McDuff image
.... Taking NICs out of the equation would give firms the financial room to raise wages, and enforcing minimum income standards would give them the incentive to pass the tax break back on to workers, rather than simply banking it offshore. If all our late capitalist system has to offer is a race to the bottom on wages and the privatisation of state services, isn’t it time to ask what the point of it is? Why are we cutting living standards to the bone and putting LGBT kids on the street to preserve a system that delivers payday loans instead of pay rises? If the wealthy want us to believe that their desired flexible market economies deliver growth for all, they need to start delivering. ...
Channel 4 chief executive David Abraham to stand down image
Source : Guardian [Read Article] Tuesday 14th of March 2017 03:30:33 PM
....“After several successive years of positive momentum … I have decided that 2017 is the right year for me to hand over this important public job to my successor,” he said. According to sources, Channel 4’s board originally planned to start the hunt for a successor months after last summer’s announcement by the government that it was backing off from a full privatisation. ...
Green Investment Bank sell-off racks up at least £1m in fees image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:10:32 PM
. The troubled £2bn privatisation of the Green Investment Bank has already cost at least £1m of taxpayer money in consultancy fees, official documents have revealed. ...
Budget 2017: tax on dividends will be a raid on 2 million small investors image
....27 million individuals, adding that, on average, these people will have to pay an extra £315 in tax each year. Some of these will be people who, for example, have bought privatisation shares over the years and now hold a reasonable number. ...
Green Investment Bank: Australian bidder woos MPs as protests continue image
Source : Guardian [Read Article] Thursday 23rd of February 2017 10:33:25 AM
....”. A source close to the sale process told the Guardian that there had been a lot of frustration in government and at Macquarie over the focus on asset ownership, which has been fuelled in part by the Green Investment Bank creating 14 new companies ahead of its privatisation. ...
Results will reveal the good, the bad and the ugly of UK banks image
Source : Guardian [Read Article] Sunday 19th of February 2017 03:37:29 PM
....Gareth Thomas, the MP who chairs the Co-operative Party, said it would have been better to convert W&G into a mutual. “Whilst there have been many reforms the lack of competition in British banking is worse now than in 2008 and the re-privatisation of RBS will only make that worse,” said Thomas. ...
‘From bad to worse’: Greece hurtles towards a final reckoning image
Source : Guardian [Read Article] Sunday 19th of February 2017 12:05:16 AM
....This is the irony of Syriza, the leftwing party catapulted to power on a ticket to “tear up” the hated bailout accords widely blamed for extraordinary levels of Greek unemployment, poverty and emigration. Two years into office it has instead overseen the most punishing austerity measures to date, slashing public-sector salaries and pensions, cutting services, agreeing to the biggest privatisation programme in European history and raising taxes on everything from cars to beer – all of which has been the price of the loans that have kept default at bay and Greece in the euro. ...
Britain’s rail franchise model unfit for purpose, say MPs image
Source : Guardian [Read Article] Sunday 5th of February 2017 10:07:02 AM
....”. The shadow transport secretary, Andy McDonald MP, said: “A railway works best as an integrated network, but privatisation and franchising have meant breaking it up to create opportunities for companies to extract a profit, resulting in costly inefficiencies. ...
Brexit jitters mean less junk mail (and less money for the Royal Mail) image
Source : Guardian [Read Article] Thursday 19th of January 2017 03:20:30 PM
....Although the Royal Mail’s shares fell 5% on the trading update, its shares are still nearly a pound higher than the £3. 30 price set by the government when it kicked off the privatisation of the postal service via a stock market float in 2013. ...
Water, water everywhere: utility firms get green light to sell beyond local regions image
. The biggest shakeup in the water industry since privatisation nearly 30 years ago will begin in April, with business customers for the first time allowed to shop around beyond their local supplier for the cheapest deal. ...
Rail strike: search goes on for job Failing Grayling can't do badly | John Crace image
.... He wanted to see more overcrowded trains. Overcrowded trains were a sign of how popular rail travel had become under privatisation. ...
MPs tell Theresa May to halt sale of Green Investment Bank image
Source : Guardian [Read Article] Wednesday 11th of January 2017 03:04:21 PM
....Hurd insisted independent trustees would have a special share to safeguard the environmental purpose of the bank under its new ownership. He also did not appear opposed to the sale of some of the Green Investment Bank’s assets after privatisation, saying: “Let’s not get into a position where we say holding on to assets is good in itself. ...
Rail franchise mandarin's board gave Southern contract to client of his company image
....According to the DfT, Wilkinson was recruited after an open and fair competition to start work at short notice as franchising director, initially for six months, with the aim of kickstarting a faltering franchising programme. According to the DfT, his long career in the rail industry had included work on the privatisation of British Rail and leading negotiations on both sides of franchising. ...
Sir David Clementi: City grandee ready to do the business at the BBC image
Source : Guardian [Read Article] Tuesday 10th of January 2017 04:40:51 PM
....Clementi, whose appointment will be officially made by Theresa May, has very little if any experience in the media business but his talents have been called on by several prime ministers. He advised Margaret Thatcher on the multibillion-pound privatisation of BT in 1984, and was seen to have done such a good job of it that his bank, Kleinwort, had a near-monopoly on running the sell-off of state assets including British Gas and the electricity industry. ...
Green Investment Bank sale should raise red flags for Theresa May image
Source : Guardian [Read Article] Monday 9th of January 2017 07:53:34 PM
.... GIB could be lost within the greater Macquarie empire. Theresa May should look at this privatisation afresh. ...
Is Britain’s rail network getting worse? image
Source : Guardian [Read Article] Friday 6th of January 2017 05:34:17 PM
....If things are so great, why are trains so crowded and late?. The rail industry likes to argue that it has been a victim of its own success – that a doubling of passenger numbers since privatisation has meant trains and track are more and more intensively used, especially at peak times. ...
Green Investment Bank sale is 'deeply troubling', say Scottish ministers image
Source : Guardian [Read Article] Thursday 5th of January 2017 09:57:44 AM
....The sale of the Edinburgh-based bank, which supports offshore windfarms and other green projects, is expected to be agreed in January. But the Labour party, Liberal Democrats, Greens and former Conservative ministers have all raised concerns in recent weeks that privatisation may see the bank lose its environmental purpose. ...
Rail chiefs or unions: can passengers trust either of them? | Rafael Behr image
Source : Guardian [Read Article] Wednesday 4th of January 2017 07:00:17 AM
.... Research by the Campaign for Better Transport has found that the cost per minute of some journeys surpasses the extortion of premium-rate telephone calls. The theory of rail privatisation is that competition functions at the level of bidding for the franchises. ...
Rail passengers to stage station protests against fare increases image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 06:01:46 AM
....While fares in the UK continue to rise, cuts to services and staffing are taking place across the network with more ticket offices closing, removal of guards from trains, extension of driver-only operations and fewer staff at stations to provide help when passengers need it. TUC general secretary, Frances O’Grady, said: “Years of failed privatisation have left us with sky-high ticket prices, overcrowded trains, understaffed services and out-of-date infrastructure. ...
Rail fares cost commuters up to 14% of their income, says study image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 12:01:38 AM
....British workers are spending up to a seventh of their income on rail fares, about six times as much as employees across Europe, a new study reveals. Rail fares have increased twice as much as wages and inflation over the past decade, leading to fresh charges that rail privatisation in the UK has failed. ...
Rail fares: train operators accused of milking the system as rises kick in image
....A survey for the campaign group We Own It found that around half of respondents believed fares would fall under public ownership. According to polling by Survation, 48% of people believed train travel would be cheaper in a renationalised railway, and 58% said privatisation had been a failure. ...
Moody's voices concern at 'material delay' in Greece debt relief talks image
Source : Guardian [Read Article] Monday 19th of December 2016 06:43:19 PM
.... Political dynamics in Europe and the electoral calendar of key European creditors including France and Germany are likely to complicate the negotiations and prevent a rapid resolution. “For Greece, lingering obstacles to the implementation of the politically challenging reforms in the second review of the programme revolve around labour and product market reform and additional steps toward privatisation. ...
Southern rail strike continues as train firm and unions meet at Acas image
Source : Guardian [Read Article] Wednesday 14th of December 2016 11:40:50 AM
.... But why would we if he’s not going to say anything?”. All of Southern’s 2,242 weekday services, which normally carry more than 300,000 passengers, have been cancelled again, causing the worst strike-led disruption since privatisation. ...
The Guardian view on Southern rail: the wrong kind of minister | Editorial image
Source : Guardian [Read Article] Tuesday 13th of December 2016 07:46:36 PM
....This is extraordinary stuff, and it leads to a conclusion that Mr Grayling’s role in this dispute has been utterly counterproductive. The transport secretary is presiding over the biggest rail strike since privatisation in 1994 and, rather than do all he can to resolve it, he appears to be playing the most mischievously political role possible. ...
Southern rail strike: Acas talks to take place on Wednesday image
Source : Guardian [Read Article] Tuesday 13th of December 2016 05:35:45 PM
....”. All of Southern’s 2,242 weekday services, which normally carry more than 300,000 passengers, were cancelled, causing the worst strike-led disruption since privatisation. ...
Union defends Post Office pre-Christmas strike image
Source : BBC [Read Article] Tuesday 13th of December 2016 09:13:21 AM
....". "Our members want the Post Office management to pause its closure and privatisation programme, hold off on its planned pensions changes, and commit to sitting down with us and with the other key stakeholders of this Great British institution and, together, construct a lasting vision," said CWU assistant secretary Andy Furey. ...
Commuter headache image
Source : BBC [Read Article] Tuesday 13th of December 2016 12:23:05 AM
....When I met the Transport Secretary, Chris Grayling, last week he said that wasn't true. The unions are trying to turn it into a political battle, he says, because they want to make privatisation look bad, thus boosting the case for renationalising the railways. ...
Post Office staff in pre-Christmas strike image
Source : BBC [Read Article] Monday 12th of December 2016 07:20:30 PM
....". "Our members want the Post Office management to pause its closure and privatisation programme, hold off on its planned pensions changes, and commit to sitting down with us and with the other key stakeholders of this Great British institution and, together, construct a lasting vision," said CWU assistant secretary Andy Furey. ...
Post Office workers to stage five days of strikes next week image
Source : Guardian [Read Article] Monday 12th of December 2016 07:09:07 PM
....”. He said staff wanted a pause in the Post Office’s closure and privatisation programme, and for it to hold off on its planned pensions changes. ...
Turn RBS into a building society says Co-op party chief image
Source : Guardian [Read Article] Sunday 11th of December 2016 02:00:28 PM
.... The bank faces a large penalty from the US Department of Justice over a decade-old mis-selling scandal and is still trying to sell off 300 branches to meet the state aid terms imposed by the EU. “The suspension of the sale and reprivatisation of shares in RBS offers a new opportunity to put in place an alternative to either state or private ownership,” said Thomas. ...
Top women in arts seek explanation for veto of Channel 4 candidate image
Source : Guardian [Read Article] Thursday 8th of December 2016 10:53:03 AM
....It has emerged that the culture department quietly put forward David Elstein, the former chief executive of Channel 5, to Ofcom late in the recruitment process. Elstein, who was unaware that his name had been floated to Ofcom, has been a critic of Channel 4 and is in favour of some form of privatisation of the broadcaster. ...
Glencore and Qatar buy $11.3bn stake in Russia's largest oil company image
Source : BBC [Read Article] Wednesday 7th of December 2016 09:09:39 PM
....5% stake in Rosneft, Russia's largest oil company. "It is the largest privatisation deal, the largest sale and acquisition in the global oil and gas sector in 2016," President Vladimir Putin said. ...
Train and track operations to be reunited in rail revamp image
Source : BBC [Read Article] Tuesday 6th of December 2016 12:23:29 AM
....". The establishment of railway franchises, separate from the network infrastructure, goes back to the privatisation of British Rail in 1993 by John Major's Conservative government. ...
Chris Grayling unveils plans for fully privatised rail line image
Source : Guardian [Read Article] Tuesday 6th of December 2016 12:01:57 AM
.... He will also outline how future rail franchises will have to create integrated operating teams between TOCs and Network Rail. The RMT union said Grayling’s rail plans would recreate privatisation chaos that it claims he introduced in the prison system as justice secretary. ...
Network Rail to lose sole control of rail maintenance image
Source : Guardian [Read Article] Saturday 3rd of December 2016 12:54:53 AM
....He also sees the move as a way of cutting fares. In 2007, as shadow transport secretary, he said: “We think, with hindsight, that the complete separation of track and train into separate businesses at the time of privatisation was not right for our railways. ...
Treasury WILL launch sale of £100bn for student loans next SPRING image
Source : Daily Express [Read Article] Sunday 27th of November 2016 12:01:00 AM
.... . The student loan book was earmarked for privatisation by Gordon Brown’s Labour administration and later by the Coalition government. ...
Russian Economy Minister Ulyukayev charged with $2m bribe image
Source : BBC [Read Article] Tuesday 15th of November 2016 02:31:26 AM
.... . He's against increasing state-control of the economy and opposed the Bashneft privatisation deal which was led by a close and powerful ally of President Putin. ...
TTIP was defeated by activists – Trump just exploited public anger over it | Nick Dearden image
.... In fact, Trump proudly admitted during his campaign that he has got rich by exploiting trade agreements such as Nafta to “offshore” jobs and avoid regulation. Trump – within a certain framework – supports the deregulation and privatisation agenda embodied in TTIP. ...
Neoliberalism: the deep story that lies beneath Donald Trump’s triumph | George Monbiot image
....Thatcherism and Reaganism were not ideologies in their own right: they were just two faces of neoliberalism. Their massive tax cuts for the rich, crushing of trade unions, reduction in public housing, deregulation, privatisation, outsourcing and competition in public services were all proposed by Hayek and his disciples. ...
Trade is the lifeblood of humanity. Closed doors lead to closed minds | Will Hutton image
.... Parliament may find it has a duty to veto the application to exercise article 50 before the end of March; the referendum was only ever advisory and Trump’s attitude to trade changes everything. One of the many tragedies of the rise of neoliberalism is that the promotion of international trade has been able to be portrayed by some on the left as part of the same portfolio of policies as austerity, privatisation and assaulting trade unions. ...
Virgin Care wins £700m contract to run 200 NHS and social care services image
Source : Guardian [Read Article] Friday 11th of November 2016 01:10:45 PM
.... It will also cover care of children with learning disabilities and frail, elderly people who are undergoing rehabilitation to enable them to go back to living at home safely after an operation. NHS campaigners warned that the history of previous privatisations of NHS services in other parts of England may mean the quality of care patients receive drops once Virgin takes over. ...
Rosneft reports plunge in profits image
Source : BBC [Read Article] Friday 11th of November 2016 08:37:25 AM
....UK oil giant BP owns 20% of Rosneft. Earlier this week, the Russian government, which owns around three-quarters of Rosneft, said it would sell a 20% stake in the company as part of a money-raising privatisation programme. ...
Greek prime minister reshuffles cabinet to boost bailout reforms image
Source : Guardian [Read Article] Sunday 6th of November 2016 05:39:13 PM
....Heralding a new political era for his country, the embattled leader said on Sunday the time had come to expedite measures demanded by international creditors and “turn the page”. Hardline ministers who had criticised policies including privatisations were dumped for moderate technocrats in what was interpreted as a further shift to the centre by the man who once personified the hope of Europe’s radical left. ...
Big Bang image
Source : BBC [Read Article] Wednesday 26th of October 2016 11:02:29 PM
.... . "You have to remember that LIFFE (the London International Financial Futures and Options Exchange) had started up in 1982 and already attracted the big American and Japanese banks - not to mention the privatisations of British Gas, British Airways and so on. ...
Dear Jeremy – your work problems solved image
Source : Guardian [Read Article] Saturday 22nd of October 2016 06:00:09 AM
....Jeremy says. As I am sure you are aware, the part-privatisation of the probation service has not been without its critics, and the National Audit Office, among others, has raised a number of concerns. ...
MPs urge ministers to 'get a grip' in midst of Southern strike woes image
....The Department for Transport (DfT) said improving Southern services was a priority for the government. The RMT union, which is locked in a bitter dispute with the rail operator over the future role of conductors, said the report was an indictment of the failure of rail privatisation. ...
Post Office faces further strikes over pensions image
Source : Guardian [Read Article] Wednesday 12th of October 2016 05:09:09 PM
....Unions are also angry about plans to put 20 more directly run Crown offices into private hands, taking the total this year to 85. Unions see the move as a form of backdoor privatisation of the service. ...
Women at the top image
Source : BBC [Read Article] Tuesday 20th of September 2016 04:08:42 PM
.... She oversaw the company's £3. 3bn privatisation in 2013 and has been described as "relentless, a force of nature, a tough lady". ...
Brazil launches rescue plan to fix economy image
Source : BBC [Read Article] Wednesday 14th of September 2016 12:57:35 AM
Post Office staff plan 24-hour strike over cutbacks image
Source : BBC [Read Article] Thursday 8th of September 2016 10:19:23 AM
....The Post Office said it would act to minimise disruption. Dave Ward, general secretary of the CWU, said: "The Post Office is relentlessly pursuing a programme of cuts that will mean a further 2,000 job losses, staff being left tens of thousands of pounds worse off in retirement and the privatisation of its flagship branches. ...
Land Registry sell-off plan put on hold image
Source : Guardian [Read Article] Wednesday 7th of September 2016 02:54:10 PM
....Controversial plans to sell off the Land Registry have been put on hold, while ministers review responses to the government’s consultation. The Queen’s speech in May included an outline of a neighbourhood planning bill, which the government said would enable the privatisation of the Land Registry, which keeps records on property ownership in England and Wales. ...
Squeezing in image
Source : BBC [Read Article] Wednesday 24th of August 2016 02:02:03 PM
....Even when the network was privatised in the 1990s, most people assumed it was about managing decline. "Of course some trains are overcrowded, but that's because we've doubled passenger numbers since privatisation and they travel on thousands more services," says Nigel Harris, editor of Rail Magazine. ...

The NHS has opened my eyes to a new system of fantastic healthcare
 image
Source : Telegraph [Read Article] Saturday 6th of August 2016 08:00:00 PM
.... In fact, closing down such a hospital, providing for free 70 different types of treatment, and at significantly lower cost to the NHS than anything it could itself provide, would, for people living across a large area of the West Country, be an unmitigated disaster. Opponents of what is scornfully dismiss as the “privatisation” of the health service like to claim that hospitals like this “cream off all the easy bits”, meaning those routine operations which can be costed in advance: not just on cataracts, hips, knees but even replacing heart valves (as happened recently to a friend of mine who was sent at NHS expense for three days of superb treatment and “excellent meals” to his local Nuffield private hospital). ...

Revealed: Rail passengers suffer unbearable levels of overcrowding as trains cram in twice the number of people they should
 image
....In London, more than 160,000 additional passengers travelled by train compared with autumn 2011, the figures showed. Mick Whelan, general secretary of the train drivers' union Aslef, said: "It's long been our contention that privatisation has failed to deliver for rail passengers in Britain. ...
Crown postal workers to vote on strike action image
Source : BBC [Read Article] Tuesday 26th of July 2016 09:21:33 AM
....The ballot will be for staff at 300 Crown offices, supply chain depots and administration sites across the UK. The union opposes what it says is the network's "wholesale privatisation". ...

Lloyds privatisation could get kick-start from new Chancellor Hammond
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Source : Telegraph [Read Article] Saturday 16th of July 2016 07:00:02 PM
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Related to :
TTIP: EU-US trade deal faces major challenges image
Source : BBC [Read Article] Friday 15th of July 2016 03:57:34 PM
.... . In the UK, there has been a particular concern that TTIP might lead to the irreversible privatisation of some health services, although following the UK referendum, that issue is now probably not about TTIP but about any agreement that the British government might negotiate directly with the US. ...
France Telecom suicides: Prosecutor calls for bullying trial image
Source : BBC [Read Article] Thursday 7th of July 2016 10:42:25 AM
....As well as the former CEO, other figures could also face trial including his right-hand man Louis-Pierre Wenes, human resources head Olivier Barberot and four other directors. In 2006, Mr Lombard announced plans to cut 22,000 jobs and move another 14,000 workers, as France Telecom pushed for greater efficiency in the wake of privatisation two years earlier. ...
Land Registry sell-off decision likely to land in new government's lap image
....Labour has argued the move makes no economic sense and would undermine efforts to increase transparency around property ownership. Tory MPs signalled their opposition to the government’s plan in a parliamentary debate, with one describing it as “a privatisation too far”. ...
Land Registry sell-off 'is short-term profiteering', warns Labour MP image
Source : Guardian [Read Article] Thursday 30th of June 2016 05:01:02 AM
....Lammy will say the government is “looking to sell off the family silver to turn a short-term profit, to try and make their sums add up”. Related: Scores of MPs demand Land Registry privatisation be called off. ...
Land Registry sell-off 'is short-term profiteering', warns Labour MP image
Source : Guardian [Read Article] Thursday 30th of June 2016 05:01:02 AM
....Lammy will say the government is “looking to sell off the family silver to turn a short-term profit, to try and make their sums add up”. Related: Scores of MPs demand Land Registry privatisation be called off. ...
China and Japan help ranks of the super-rich swell to more than 15m image
Source : Guardian [Read Article] Thursday 23rd of June 2016 04:43:08 PM
.... Despite the financial crisis, the millionaires’ wealth has expanded almost fourfold over the last 20 years. Ricks called on governments to reverse cuts to public spending, privatisation, tax breaks for the wealthy and “the race to the bottom on human rights”. ...
Scores of MPs demand Land Registry privatisation be called off image
Source : Guardian [Read Article] Thursday 2nd of June 2016 11:01:21 PM
....The government has pledged to make offshore ownership of UK properties more transparent, with David Cameron last year declaring that “London is not a place to stash your dodgy cash”, and reiterating the promise at a recent anti-corruption summit. Related: Land Registry faces privatisation. ...
UK councils are selling off public toilets. We need a loo coup | Nell Frizzell image
....Sell off public services, and the whole thing turns to shit. Nowhere is this little maxim made more clear than in the privatisation, renovation or plain old closure of public toilets. ...
You’re witnessing the death of neoliberalism – from within | Aditya Chakrabortty image
.... Second, while the researchers go much further than fund watchers might have believed, they leave in some all-important get-out clauses. The authors even defend privatisation as leading to “more efficient provision of services” and less government spending – to which the only response must be to offer them a train ride across to Hinkley Point C. ...

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