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The UK continues to sell off its public assets -now Heathrow Airport to be sold


pellinore

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And Brexiters have the gall to consider themselves patriotic. They'd flog anything to anyone, rather than invest in them ourselves. Even the Mail thinks it is wrong.

As part of a wretched trend for selling off UK PLC's most valuable assets, last week saw a 25 per cent stake in Heathrow sold to the French, and the Saudi Arabia government – which has been accused of human rights violations – by Spanish company Ferrovial.

The airport is now 90 per cent-owned by Saudis, French, the Chinese government, Qataris, Canadians, Singaporeans and Australians. One has to wonder whether any other nation would be foolhardy enough to allow a key piece of national infrastructure, with such huge economic and strategic importance, to be parcelled out to a string of foreign investors – some from despotic regimes and largely unaccountable to the British travelling public.

Selling Heathrow to the French and Saudis is just the latest sorry story of how some of Britain's greatest assets are owned by foreign governments and firms | Daily Mail Online

Edited by pellinore
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  • The title was changed to The UK continues to sell off its public assets -now Heathrow Airport to be sold
 
1 hour ago, pellinore said:

One has to wonder whether any other nation would be foolhardy enough to allow a key piece of national infrastructure, with such huge economic and strategic importance, to be parcelled out to a string of foreign investors – some from despotic regimes and largely unaccountable to the British travelling public.

I guess I can understand the hesitation to have such a landmark be under foreign ownership but I'm not sure that equates with any of those entities being able to interfere with British travelers.  More importantly, this issue is FAR LESS threatening than the uncontrolled influx of illegals.

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Just from the article alone. 

Ferrovial - Spain

Its history as the biggest shareholder goes back to 2006, when the then Labour government stood idly by as the Spaniards gleefully bought several UK airports, including Edinburgh, Glasgow, Southampton, Heathrow and Gatwick for a knock-down £10.3 billion.”

Dubai

“Bin Sulayem and DP World originally bought P&O – then a London listed company – in 2006 for £3.3bn.”

Australia - Macquarie

Thames water 2006

And one more

EDF - France 

“Electricité de France, the French state-owned power utility, yesterday extended its controversial reach into the British electricity market with a £1.8bn expansion that will increase its generating capacity and establish its London Electricity offshoot as the largest power distributor.”  Nov 2001

Various governments throughout the past two, three decades have been selling off assets to foreign states and investors, it’s nothing new and certainly nothing to do with Brexit. 

 

 

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2 hours ago, NE1 said:

How is this related to Brexit Pellinore?

Not directly. But we wouldn't have these third-rate grifters in power if it wasn't for that. They are not alone in selling off our assets, but they don't miss an opportunity to tell the public how patriotic they are.

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8 hours ago, pellinore said:

And Brexiters have the gall to consider themselves patriotic. They'd flog anything to anyone, rather than invest in them ourselves. Even the Mail thinks it is wrong.

As part of a wretched trend for selling off UK PLC's most valuable assets, last week saw a 25 per cent stake in Heathrow sold to the French, and the Saudi Arabia government – which has been accused of human rights violations – by Spanish company Ferrovial.

The airport is now 90 per cent-owned by Saudis, French, the Chinese government, Qataris, Canadians, Singaporeans and Australians. One has to wonder whether any other nation would be foolhardy enough to allow a key piece of national infrastructure, with such huge economic and strategic importance, to be parcelled out to a string of foreign investors – some from despotic regimes and largely unaccountable to the British travelling public.

Selling Heathrow to the French and Saudis is just the latest sorry story of how some of Britain's greatest assets are owned by foreign governments and firms | Daily Mail Online

This is a bizarre argument to make because if we were still in the EU we would have lacked the power to stop this. As it is, we have the power to stop it now, but it is allowed to go ahead by the Government. The question is should it?

Well, its not a defence industry, a major corporation, or one that can be asset stripped. Potentially the movements of key people of interest could be tracked by a foreign government. Other than that I don`t see any risk or negatives.

Its not like they are trying to buy ARM or BAE Systems.

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9 hours ago, pellinore said:

Not directly. But we wouldn't have these third-rate grifters in power if it wasn't for that. They are not alone in selling off our assets, but they don't miss an opportunity to tell the public how patriotic they are.

Yes the hypocrisy is thick.
 

Brexiteers “ We do not want to take orders from Europe, but we are happy to sell them our country, piece by piece”.

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1 hour ago, Unusual Tournament said:

Yes the hypocrisy is thick.
 

Brexiteers “ We do not want to take orders from Europe, but we are happy to sell them our country, piece by piece”.

An important distinction is that under the EU we couldn`t block most outside investment, but now it is our choice.

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39 minutes ago, Electric Scooter said:

An important distinction is that under the EU we couldn`t block most outside investment, but now it is our choice.

lol. Very British this masochism

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