Tories accused of shortchanging public as £26 billion privatisation haul revealed

‘The flaw in Tory thinking about privatisation is obvious; it isn’t about the amount made; it’s about the assets lost.

Every publicly-owned going concern sold by the Tories represents a quick profit now, but a loss of regular income in the future.

It is irresponsible.

Of course, some publicly-held assets, like our shares in Lloyds Bank, were only bought up to stop the business going bust but, as this article was being written, the government announced it would not be selling Lloyds shares as expected because of “economic turmoil”.’

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