27 February 2008

The return of centralised Government?

Having announced that the ailing Northern Rock will now be nationalised due to the massive amounts of taxpayers money dropped into it, it is possible that the Politburo has got it sights on an even bigger target.

Although nothing has officially been announced, the stripping of the rail operators licence would easily allow the government to nationalise First Great Western, setting a precedent for all the other rail franchises that are failing to deliver. The rights and wrongs of privatised rail services vs. nationalised services can be debated, however the fact remains that a time when government bank balances are written exclusively in red (thanks to the previous Chancellor, now Prime Minister), increasing the public debt to fulfil an ideological desire is at best, foolish.

Hopefully, the Government will see sense and realise that nationalisation failed the country in the 60s & 70s and therefore does not need a repeat performance.

No comments: