Privatise Royal Mail and BBC, says report (UK)
The Royal Mail, Channel 4, BBC Worldwide, Scottish Water, Northern Ireland Water, Glas Cymru and the national air traffic control system should all be privatised, while government stakes in British Energy and the nuclear industry should be sold off.
That’s the main recommendation of a report by the Adam Smith Institute, which reckons the sales would raise around GBP 20bn for the government. The report ‘Privatization – reviving the momentum’ said the sales would be timely, given the state of the economy and the “increasing tightness” of public finances.
As well as financial benefits, the privatisations would boost investment, lower prices and give greater choice and better services to customers, as well as underpinning billions of pounds worth of economic activity.
The report’s author Nigel Hawkins said: “Privatisation in the UK remains unfinished business. The task for government, of whatever colour, should be to complete it and to reap the many benefits – including proceeds of some GBP 20bn.”
The Royal Mail, Channel 4, BBC Worldwide, Scottish Water, Northern Ireland Water, Glas Cymru and the national air traffic control system should all be privatised, while government stakes in British Energy and the nuclear industry should be sold off.
That’s the main recommendation of a report by the Adam Smith Institute, which reckons the sales would raise around GBP 20bn for the government. The report ‘Privatization – reviving the momentum’ said the sales would be timely, given the state of the economy and the “increasing tightness” of public finances.
As well as financial benefits, the privatisations would boost investment, lower prices and give greater choice and better services to customers, as well as underpinning billions of pounds worth of economic activity.
The report’s author Nigel Hawkins said: “Privatisation in the UK remains unfinished business. The task for government, of whatever colour, should be to complete it and to reap the many benefits – including proceeds of some GBP 20bn.”
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