"It cost the taxpayer one billion pounds!"

by Dutto Fri Jul 11, 2014 8:46 pm

Hi there,

I am sick to death of hearing reports that say:

"Selling the Post Office off so cheaply cost the taxpayer one billion pounds!"

A better statement would be:

"Selling the Post Office off so cheaply gave one billion pounds of unearned profits to Tory friends in the financial market!"

Or am I being cynical again? Whistle1

Best regards,
drinksallround

by boxerman Fri Jul 11, 2014 9:01 pm

Dutto wrote:
Or am I being cynical again?

Yes! you are, but I'm not saying you're wrong snigger

Frank

by mikethebike Sun Jul 13, 2014 4:24 pm

Hi Ian, I think you could have bought those cheap shares and sold them at a profit.I believe the post workers had plenty.
You do not have to be a Tory. hugegrins

Neverless it was a Cxxk up.

regards

Mike

by millenium falcon Tue Jul 22, 2014 9:13 pm

Ooops! did I miss something? I did not know that the post office had been sold off. That was one of the first great institutes of britain that set the bench mark for the rest of the world, wait until telecomunications starts to break down then all will go to the wall!
The same thing happened to the rail system and look where that is now. I have understood that it is the work of the goverment to control the ups and downs of the economy to insure these services are always well maintained and avaliable. I think I will start to say just britain now and drop the great or change the uk to usless kingdom.

(Not a very happy) M/F

by Dutto Wed Jul 23, 2014 12:35 am

Hi there,

A US commentator once said:

"The greatest crime of the 20th Century was when the British Government

sold to the British Public that which they already owned."

I do not agree with this! Mainly because they DID NOT sell the state owned industries to the British Public; they sold them to their friends in the financial sector.

Here is the history of privatisation:

British Gas (the first one to be privatised) 55% of the shares were offered to the general public.

British Telecom (the last one to be privatised under Thatcher) 15% of the shares were offered to the general public.

Post Office approximately 5% of the shares were offered to the general public.

If you care to check who actually owns these privatised companies now you will find that:

A) They are predominantly owned by foreign companies! and,

B) Here's the real irony of "privatisation"; some of these foreign companies are themselves "state-owned" companies.

The saying "Lions lead by donkeys." is a genuine description of the UK over the past thirty years. tap_fingers

Best regards,

by millenium falcon Wed Jul 23, 2014 12:56 pm

Hello Duetto

I have not lived in England for the last 25 years and dont really hear anything unless its regarded as a "threat to cultural integraty" notification. Seems to me that the british goverments misuse of power is worse than my spelling! and that takes some beating as I consider that I can only just remember how to do it. I have never heard the saying "Lions lead by donkeys" and I find that amusing but I have heard of "Like lambs to a slaughter", dont realy know what is the better.

Regards

M/F

by rds60h Sun Jul 27, 2014 10:54 pm

Short term gain for long term loss and disruption.
As it is the same people selling them off that were responsible for running them while they were Nationalised Industries is it any wonder that they could only see a profit in selling them off.

"It cost the taxpayer one billion pounds!"

"It cost the taxpayer one billion pounds!"

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The post office

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post office

Re: "It cost the taxpayer one billion pounds!"