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    Public the losers from privatisation.

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    papa_umau
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    Public the losers from privatisation.

    Post by papa_umau on Tue 18 Mar 2014, 11:29 am

    Customers have been the big losers from 30 years of privatisations, a recent report claims.

    Bills for energy, water, and travel have soared since once publicly-owned firms were sold off by successive governments.

    And while households have shelled out more, the High Pay Centre think tank says that private investors and fat-cat bosses have raked it in.

    A wave of privatisations started in 1979 with British Petroleum, but stepped up a gear under Thatcher's government in the 1980's with British Gas, British Airways, and the water and electricity providers being sold off.

    This report comes amid anger over the recent sell-off of The Royal Mail, with critics complaining that the Tory-led government flogging off this big chunk of the taxpayers stake "on the cheap".

    The High Pay Centre say that the average energy bill has risen by 140 per cent in ten years to 1,252 while household incomes have risen, on average, during the same time period, by only about 20 per cent.

    The report says that average water bill has jumped by 74 per cent and some rail fares have risen by as much as 200 per cent.




    Well, I guess that most of us already suspected this, but it is still good to see it in black and white.


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    zathrus
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    Re: Public the losers from privatisation.

    Post by zathrus on Thu 20 Mar 2014, 11:43 am

    A good historical account Paps.

    Over many years now successive governments, especially the Tory governments, have been selling off the family silver to their friends in the private sector and now we see the public sector as a pale copy of what it used to be.

    State control of the essential services is much better than private control as when the state owns these services there is much less motive towards profits and none towards shareholder dividends as we are the shareholders and any profits made go straight back into the service.

    Of course, in the past the nationalised services got the bad name for being run poorly and wastefully, but that does not have to be the case if they are financed and managed properly.

    I would hope that the next Labour government might try to re-nationalise at least some of the services that are fleecing us at the moment.

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    papa_umau
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    Re: Public the losers from privatisation.

    Post by papa_umau on Fri 21 Mar 2014, 1:00 pm

    Very well put Zath'.

    I too hope that under the next Labour government some of the present privatised services will be taken back into public hands.

    Of course it is very expensive to do it in that direction so any moves back to nationalisation will be very slow ones.

    I guess we will see after 2015.


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    Angie baby
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    Re: Public the losers from privatisation.

    Post by Angie baby on Sat 22 Mar 2014, 11:38 am

    I honestly cannot see any Labour government spending the kinds of money that will be required to bring back any of the previous public companies back into the fold as they will be coming back on a low-spending platform.

    It sickens me that previous governments have sold off the public services for a pittance and it will cost a lot more than was paid to bring them back under state control.

    The money that was made by the governments that sold off our family silver has now been spent and is lost to the treasury and to the British people.
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    papa_umau
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    Re: Public the losers from privatisation.

    Post by papa_umau on Sun 23 Mar 2014, 12:19 pm

    Yes, excellent point Angie.

    Although there has been a lot said by political pundits about re-nationalising public transport again using the similar not-for-profit systems that have been used with Network Rail and with East Coast Trains, ( after private companies failed to make a success of these franchises and they were taken back into government control ), little has been done yet to apply these systems to the other privately-run rail services, know as the TOCs or Train Operating Companies.

    From the East Coast Trains website:

    "East Coast is a wholly owned subsidiary of Directly Operated Railways Limited (DOR), which in turn is a wholly owned subsidiary of the Secretary of State for Transport (SoS), who is therefore ultimately
    responsible for the operations of East Coast. The SoS discharges this responsibility to DOR."

    Neither of these entities have shareholders as such as funding is acquired by direct state subsidisation and by non-profit stakeholders.

    Funding

    Funding for East Coast activities is provided by DOR and/or the DfT in accordance with the Services. Agreement and/or the Financial Framework between East Coast, DOR and the DfT. Expenditure, including capital investment, must be justified and authorised in accordance with agreed
    formal procedures.





    This way of not quite re-nationalising of these entities has proved to be working well and some in Westminster now feel that this could be the way forward for all such vital and essential services.

    Of course the Tories would re-privatise these entities if they ever got the chance to do so.


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    Hell's Granny
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    Re: Public the losers from privatisation.

    Post by Hell's Granny on Mon 31 Mar 2014, 2:38 pm

    Couldn't agree more, folks. It has got to the point where we no longer own our own country. It is amazing how quietly the likes of Atos, Serco, G4S, Capita, etc., have sneakily taken over much of our infastructure, Ambulance Services, hospital laundry and cleaning, prisons, even schools

    1984 is alive and well, if only 30 years late!

    Cheers, HG
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    papa_umau
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    Re: Public the losers from privatisation.

    Post by papa_umau on Tue 01 Apr 2014, 11:04 am

    Yes my dear, and because of the rampant and thoughtless privatisation addiction that is deep set in The Tories, we are now seeing many previously state-owned and not run for profit services being handed over to the foreign-owned and profit-mad privateers.


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