George Osborne plans to sell off the United Kingdoms 40% stake in Eurostar. The price tag is a mere £300m. £300m is a tiny amount to contribute to reducing the public sector debt, which is George Osborne stated plan.
In fact the selling off of Eurostar is just insane but it is just what you would expect from George Osborne. The fact that Eurostar makes a very tidy profit and passenger numbers are increasing year on year, makes it a very good asset to keep hold of.
No doubt the sale will generate a few back door donations for the Conservative party. The real losers will again be the British public. Whoever buys it, will at some stage in the future want to expand and/or do major upgrades and you can bet they will lean on the incumbent government for a major subsidy and I’m sure that the subsidy will be more then the £300m George Osborne hopes to get for selling the 40% stake in Eurostar.