| Re: BBC Wales (and Rail Magazine) - Tom Harris Quote On Rail Privatisation |
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Group: uk.transport · Group Profile
Author: Dr. Barry WorthingtonDr. Barry Worthington Date: Jun 24, 2008 01:35
On Jun 23, 6:14Â pm, "Peter Masson" privacy.net> wrote:> "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)
No.
>or, in case of default, would the
> creditors have been able to take over the business?
No. Bonds are not shares.
Dr. Barry Worthington
> Peter
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