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To: The Treasury
Privatisation of Eurostar
Privatisation of national rail services has not benefited the customer, just investors. Why then sell another vital asset to private investors who only care about their dividends?
Why is this important?
After the debacle of Rail privatisation and the fall in the level of service witnessed over the last decade on our railways, the last thing we need is a purely profit driven ownership of Eurostar looking merely at the short term in order to provide a return at any cost to their investors.
This privatisation is purely ideologically driven and takes no consideration of the needs - short or long term - of Eurostar or, especially, it's users.The Governments of France and Belgium are considering increasing their share of the ownership of Eurostar (at British tax-payers expense as the profits will all go to alleviate the tax burden of other countries) whilst ours is so driven by an ideological distaste for any nationally owned service that they will press ahead with privatisation at any cost and regardless of the value of that privatisation to the current owners of the service - you! It must further be asked, can we trust a civil service which oversaw the huge loss to taxpayers through the undervaluation and mismanagement of The Royal Mail and RBS (where even according to the Telegraph taxpayers faced a loss of £1bn and £10bn respectively)?
Please show Mr Osbourne and the Treasury your dislike of this half-baked plan to rush through privatisation before the next election.
This privatisation is purely ideologically driven and takes no consideration of the needs - short or long term - of Eurostar or, especially, it's users.The Governments of France and Belgium are considering increasing their share of the ownership of Eurostar (at British tax-payers expense as the profits will all go to alleviate the tax burden of other countries) whilst ours is so driven by an ideological distaste for any nationally owned service that they will press ahead with privatisation at any cost and regardless of the value of that privatisation to the current owners of the service - you! It must further be asked, can we trust a civil service which oversaw the huge loss to taxpayers through the undervaluation and mismanagement of The Royal Mail and RBS (where even according to the Telegraph taxpayers faced a loss of £1bn and £10bn respectively)?
Please show Mr Osbourne and the Treasury your dislike of this half-baked plan to rush through privatisation before the next election.
