Quote by flower411
I can remember the late 70`s and not many people would deny that something drastic had to happen but selling off the countries assets at knock down prices was a disaster bordering on criminal.
Balancing the books by selling off assets is one thing but selling them cheap to line the pockets of your mates is something else altogether.
Some ridiculous politician on the telly the other day said that if Cable and Wireless hadn`t been sold off there would be no mobile phone industry today!
What assets were sold off cheap to further the corruption that you allude to? Presumably such action would be illegal and opposition Politicians would be keen to pursue a criminal action?
I`m not going to get into a tit for tat with you but I`d suggest Jaguar, British Telecom, Cable and Wireless and British Aerospace were hugely undervalued in the sell off. I remember the Cable and Wireless sell off well as I was working at Flemings and remember the champagne flowing in the dealing rooms !
iirc British telecom was hugely successful when it was the post office and was separated from the now royal mail in order to stop the royal mail dragging it down and or holding it back from growth
from that point you could be right when you say that when it was sold it was hugely undervalued
