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IN his speech to the Labour Party Conference, Gordon Brown said: “Our deficit reduction plan, to cut the deficit in half over four years, will be made law.” He at least highlighted the devastating state of our national finances. Full Article at Coventry Telegraph
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BRITISH Prime Minister Gordon Brown has announced a £16 billion ($28 billion) sale of state assets including a rail link between London and the Channel Tunnel to cut soaring debt caused by economic crisis. Full Article at NEWS.com.au
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LONDON -- The British government will sell off the undersea Channel rail link, a bridge, and a betting company, among other assets, to raise 3 billion pounds ($4.8 billion) to help it manage its swelling debt, the prime minister will announce Monday. Full Article at Miami Herald
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Tim Shipman, Daily Mail 12 October 2009, 11:12am The Prime Minister revealed he wants to offload the government's one third share in URENCO, a nuclear company that enriches uranium in Britain, Germany and the Netherlands - but only after safeguarding... Full Article at This Is Money
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Gordon Brown has announced a fire sale of £16 billion worth of state and public assets, including the Channel Tunnel, to help pay down government debt. Full Article at Times Online
Related Quotes
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Our deficit reduction plan, to cut the deficit in half over four years, will be made law.
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We plan a sale of assets to deal with our debt issues and... 16 billion of assets will be sold within the next two years
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We ... need a deficit-reduction plan that supports growth and jobs not one that snuffs out recovery before it has started
SOURCE: The Observer -
Of course we’re not going to sell at the bottom of the market when selling the assets is going to barely realise any of the value of them. Of course we’re not going to do that. We’re not idiots.
