By attempting to make a big PR event out of these sales will Brown risks driving down the asset values just like he did when he announced the sale of UK gold? This sale also undermines his attempts to convince us that things aren't as bad as everyone thinks.
Selling off the family silver is never a great idea but if it's that or having the bailiffs turn up there really isn't much of a choice. This sale is a huge admission of failure on Brown's part but watch him try to spin it as part of his great plan to sale the world.
Posts
2 comments:
This is what governments (especially Conservative governments) do before a general election.
In every Conservative government privatisation they sold the assests at less then their true value, and in most cases the companies are now owned by foreign businesses and governments.
If it were not for the rescue of the banks we would not be in this mess and the first things to sell off are TSB and ABN Amro, breaking up the state monopoly on banking. They should also sell of the post office before it is worth less than the price of a postage stamp.
not sure i accept the syllogism that the PR associated with the announcement will drive down the asset values. if anything, the reverse is true.
Post a Comment