Privatisation

  • BusinessAOL

    Government sell-offs to hit record levels this year

    The government will this year sell off more state-owned assets than ever before. At £32 billion, says chancellor George Osborne, "the sale of government assets this year will deliver the largest privatisation proceeds of all time, higher

    2-min read
  • NewsAOL

    Royal Mail sale errors taxpayers 'cost £1bn'

    Taxpayers have lost £1 billion over the privatisation of Royal Mail because the Government underestimated demand for shares, a committee of MPs has reported. Ministers were accused of being afraid to fail over the controversial sell-off last

  • NewsAOL

    Protesters converge on Centrica AGM

    More than 20 protest groups have teamed up for a demonstration today against Centrica, the owner of British Gas. United in their loathing of the company, the groups have a wide spectrum of complaints - from excessive profits to the

  • BusinessAOL

    Royal Mail sale caution 'cost taxpayer'

    The Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a new report which revealed that most investors given priority to buy shares, sold them shortly after making a

  • PoliticsAOL

    Royal Mail sale valuation 'debacle'

    The Government has been urged to withhold any more payments to banks which advised the Government on its controversial privatisation of the Royal Mail amid continuing complaints that the taxpayer has lost hundreds of millions of pounds over the

  • BusinessAOL

    Two banks priced Royal Mail higher

    Two banks told the government that Royal Mail was worth £5bn – half as much again as it was sold it for – before the sale, fuelling allegations that it was undersold. According to the Financial Times, at least two investment

  • NewsAOL

    Rail line re-privatisation opposed

    Campaigners and rail union chiefs are handing over a petition in an effort to keep a key rail line in public hands. The petition, to stop the East Coast line being re-privatised, is being handed today to shadow rail minister Lilian Greenwood and