| Re: BBC Wales (and Rail Magazine) - Tom Harris Quote On Rail Privatisation |
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Group: uk.transport · Group Profile
Author: Peter MassonPeter Masson Date: Jun 23, 2008 10:14
"Dr. Barry Worthington" abertay.ac.uk> wrote
>(v) Redevelopment/modernisation should have been financed by BRB
>issued bonds, just as in France, and funding should not be counted as
>part of the PSBR.
Would these bonds have come with Government backing (in which case they
would have to be part of the PSBR) or, in case of default, would the
creditors have been able to take over the business?
Peter
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