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Network Rail Stealing Your Taxes

thereelstory | 16.12.2004 00:21 | Globalisation | Social Struggles

On November 2, the FT reported that there was a boost to railways as £20bn borrowing planned. It forgot to tell you that there will be no boost as Network Rail plans to take £20bn of taxpayers money over the next 5 years.
Network Rail is an unprofitable company set up by privatisation Government approved thief Adrian Montague, an ex-City lawyer who specialises in drawing up financial schemes that are called things like we need "£20m using the bond market to invest in the UK rail network and to refinance its existing debt. We need to be backed by a long-term indemnity from the government." FT dum people either do not understand or have been editorially sanctioned to tell you this means you the taxpayer will be paying.

Financial Times. 2 Nov.2004. p.3.

£20bn of taxes

that is 600 very useful hospitals that could be spread across the world.

thereelstory

Comments

Display the following 3 comments

  1. I think its good to subsdise the railway — Phil
  2. zArk — paul
  3. zArk — paul