We only have to look at other privatised UK assets to see the truth of it, though.
How much profit are the energy utilities making, for example?
Selling off UK public assets such as the Land Registry will leave the government’s finances worse off in the long term as cash from the sale is outstripped by future profits, a new report warns.
Before a consultation closing later this week on the Land Registry’s planned privatisation, a leading economic thinktank said the benefits to the exchequer from a one-off sale of the agency would pale in comparison to the income sacrificed in future years.
The New Economic Foundation report for the campaign group We Own It found that selling the Land Registry would mean the British public would start to lose money in 25 years’ time. The authors estimate that the impact of selling off other public assets would be felt even sooner. If the public stake in National Air Traffic Services (NATS) were sold, for example, resultant losses would start being felt within seven years.
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