News1 min ago
F A O Lefties Only
The Ab regular Righties will welcome this so it is not intended for their attention - but I bet they'll read it and comment nevertheless - their freedom of choice :-)
Despite the huge success of the NHS vaccination campaign in turning the tide against Covid-19, the Government is planning to sell off the UK’s flagship Vaccine Manufacturing and Innovation Centre to the highest bidder.
The thinking behind this publicly-funded facility played a crucial role in the UK developing a vaccine. It should be a source of national pride helping to safeguard our health for years to come - not another public asset sold off at the earliest opportunity.
And the sleazy PPI episode showed how reliable that is - NOT.
Sign this now to express your opposition to even more enrichment of Boris's Rich Cronies by gifting them yet another Public Facility funded by Joe Public's hard-earned money.
https:/
Despite the huge success of the NHS vaccination campaign in turning the tide against Covid-19, the Government is planning to sell off the UK’s flagship Vaccine Manufacturing and Innovation Centre to the highest bidder.
The thinking behind this publicly-funded facility played a crucial role in the UK developing a vaccine. It should be a source of national pride helping to safeguard our health for years to come - not another public asset sold off at the earliest opportunity.
And the sleazy PPI episode showed how reliable that is - NOT.
Sign this now to express your opposition to even more enrichment of Boris's Rich Cronies by gifting them yet another Public Facility funded by Joe Public's hard-earned money.
https:/
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A relevant link from the BMJ:
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In crisis’ Governments have to borrow heavily to cushion the public from the adverse affects of the problem. Then at some stage the money has to be paid back.
In 2008/9 there was a world financial crisis. The Government borrowed heavily. In my opinion they spent wisely. They didn’t pay everyones mortgage. They didn’t nationalise the banks. They bought shares in viable banks and saved many of them which went on the not just survive but thrive. When the bank stock became desirable, the Government was able to sell its share and recoup a lot of the money back. And give a windfall to subsequent Chancellors.
This pandemic crisis also needed heavy Government borrowing. The Government paid workers through furlough. Money it will never get back. It paid over the odds for technology (without tender) and often got junk which is unsellable. There are not many assets to sell .
So I cannot criticise the Government for trying to make money from anything that has been a success. Just a pity the list is short.
In 2008/9 there was a world financial crisis. The Government borrowed heavily. In my opinion they spent wisely. They didn’t pay everyones mortgage. They didn’t nationalise the banks. They bought shares in viable banks and saved many of them which went on the not just survive but thrive. When the bank stock became desirable, the Government was able to sell its share and recoup a lot of the money back. And give a windfall to subsequent Chancellors.
This pandemic crisis also needed heavy Government borrowing. The Government paid workers through furlough. Money it will never get back. It paid over the odds for technology (without tender) and often got junk which is unsellable. There are not many assets to sell .
So I cannot criticise the Government for trying to make money from anything that has been a success. Just a pity the list is short.
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