Deprivatisation

[JohnD]

"UK government pays £6bn to end privatisation of military housing

Ministry of Defence to save £230mn in rent every year by buying back 36,000 properties sold off in 1996

"The UK government will pay property group Annington nearly £6bn to buy back 36,000 properties in the Ministry of Defence’s housing estate, ending a legal battle over one of the country’s most controversial privatisation deals.

On Tuesday, the Ministry of Defence said it was taking back the military estate it sold off for £1.7bn almost 30 years ago, in an agreement sealed in the final years of John Major’s Conservative government.

The sale ends a tortuous 30-year privatisation under a complex system of leases that has sparked multiple court actions and saddled the government with billions of pounds in rent and maintenance costs."

FT.com

 

[Notch7]

Motorbiking will be along to tell you the private sector is more competitive.............

 

[Notch7]

Ministry of Defence to save £230mn in rent every year by buying back 36,000 properties sold off in 1996

just imagine how much money this country wouldve saved had it never privatised everything for a quick buck

 

[IT Minion]

It was always a terrible deal. Good to see it is finally being addressed.

 

[Brigadier]

What are the odds that, should the tories get in next time, they'll flog 'em off again?

If they did so for say £5B, they'd probably claim that they turned a Labour £6B cost into a tory £5B saving for the taxpayer.........

 

[motorbiking]

Motorbiking will be along to tell you the private sector is more competitive.............

no I'll be along saying governments are really good at making sh** deals.

 

[charliegolf]

Motorbiking will be along to tell you the private sector is more competitive.............

They certainly made married quarters the 'best' ****test they could conceivably be. Not sure that's a good thing though. Property sevices in my day took a load of flak, but the current sitch is shameful. For balance, we had 3 married quarters in the 80s - 2 excellent, one a bit shabby.

 

[Nwgs2]

just imagine how much money this country wouldve saved had it never privatised everything for a quick buck

Like selling gold off at an all time low ?

 

[blup]

Selling off an estate designed for service personnel to fund tax cuts. Then cut the military further.