The thing that people fail to grasp is that these privatised industries belonged to everyone.I didn’t say privatisation was a panacea. In fact I don’t believe that, but the fact remains that those calling for nationalisation never say where the money will come from. Govs of all hues have neglected publicly owned services since the year dot because they know that the increase in taxation that would be needed will lose them votes.
My own solution to this conundrum involves changing the role of the HoLords, but that is another story.
Worth noting that when surveyed the public favour a level of public services that would require a 60% tax burden, but baulk at the price.
PS Army partly privatised in Russia!
The big problem with the NHS and imo why it's being sold off is the pensions. A nurse can retire at 55. They paid 11% of their pay into the pension for 30 years and will likely live another 30 drawing 50% of their pay. The sums don't add up.The thing that people fail to grasp is that these privatised industries belonged to everyone.
This is not the case now.
The NHS is in the pricess of being sold off now. So can anyone tell me what we are paying taxes for?
Before anyone starts frothing at the mouth with rage, that is not accurateThe big problem with the NHS and imo why it's being sold off is the pensions. A nurse can retire at 55. They paid 11% of their pay into the pension for 30 years and will likely live another 30 drawing 50% of their pay. The sums don't add up.
That's why you are paying your taxes. (One reason)
Silly re NHS. Give me one piece of evidence that the NHS is in the process of being sold off. That is just a Corbinesque political slogan which helps not one bit.The thing that people fail to grasp is that these privatised industries belonged to everyone.
This is not the case now.
The NHS is in the pricess of being sold off now. So can anyone tell me what we are paying taxes for?
Owned by Canadian Pension Fund?. Nothing new there with these privatised companies. They also own part of Southern Fail.Thames water is likely to go into public ownership temporarily, 32% owned by Canadian pension fund apparently , no wonder they are much interested in dividends than stopping pumping raw sewage into our rivers. The CEO has stepped down with immediate effect bless her. Straight into another big company I expect
@Uncle Wally One Ball I wasn't looking for an argument and I wasn't wumming. The ex nurse who I talk to when dog walking retired at 55 after 30 years service. Google states between 8 and 13% of pay goes into pension so I said 11%Before anyone starts frothing at the mouth with rage, that is not accurate
It is almost 10% for a band 6, which is more than a lot of other public sector pensions.@Uncle Wally One Ball I wasn't looking for an argument and I wasn't wumming. The ex nurse who I talk to when dog walking retired at 55 after 30 years service. Google states between 8 and 13% of pay goes into pension so I said 11%
Companies in the ‘70s and ‘80s were run in a way that would be considered egregiously inefficient by their successors. The absence of digital technology meant that organisations generally were poorly run, relative to today.There were local monopolies before privatisation, called Councilxyo Water. I got little or no water on Saturday evenings because three local reservoirs had fallen into disuse. Yorkshire Water has rebuilt them and put in new mains. Result! Also cheapest water in England. Mind you, there was a clown running it for years on a massive salary and it took them 20 years to get round to it.