
Originally Posted by
Old_pie
So kill off the dividends, no more investment funds, higher bills to raise even more money. If it were still government owned then taxes would have to rise and the government is beyond its borrowing limit already.
In my view the government did very well in selling off an outdated underfunded resource, a bit like RT buying Notts post-Munto. There was more to be fixed than met the eye. Similarly with rail - outdated, dramatically requiring major infrastructure upgrades but the government opted out for decades of doing the necessary work. Personally I do not understand any business wanting these enterprises and the chickens are now coming home to roost except the directors get some good bonuses out of being unable to deliver.