Brown Selling the Family Jewels

Brown Selling the Family Jewels

by Ashley Clark, Director

Gordon Brown has unveiled plans to sell £16bn of publicly owned assets for £16bn to try to make a dent in the UK's record £175bn budget deficit (overdraft to you and me).

The Prime Minister said that that as a start he would be looking to sell public assets such as the Tote (horse betting operations) and the Dartford Crossing (Bridge/Tunnel) crossing over the Thames and east of London to raise around £3bn.  What next?

Whilst not as bad as other 'fire sales', this really is bordering on insanity.  Mr Brown sold off the UK's Gold reserves, much to the delight of overseas buyers.  Look what has happened to Gold now?  Yet he is ignoring the real issues here.  Too many cooks i.e.  Central and Local Government workers with huge pension bills and not enough enterprise help - i.e.  we private businesses that generate wealth here and overseas to pay taxes get nothing but more taxes and red tape.

Now Mr Brown wants to sell more assets to make up for his and his predecessors poor management.  Be gone and take your incompetent advisers with you.

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