it's more like how tories make their money.. sell off publically owned assets then overcharge the public for the use of those assets.Is akin to how centuries ago the royals, Lords and nobility obtained theirs.
Worth remembering next time we bow to them
I don't know but it was wrong.Yes I agree council sales were the same in this country. I know a relative that bought their 3 bed terraced council house for £8k in the mid 1980s on Teesside now worth £80k at least. In some areas of the country it would be £200k.
It was a strategy to win votes, nothing to do with economics.
I agree too why did Blair continue with it - votes?
Sounds a lot like the sale of Royal Mail who was sold at a massively knocked down price but only a select few were allowed to buy. Although not to that extent our country is corrupt too.According to Panorama - Abramovich became an oil trader when left the KJB in the early 1990s, In this period the assets of the USSR were available at knockdown prices to those with contacts. Abramovich bought a major State Oil company for around £150m and sold it 7 years later for £3.5bn. The losers were of course, were the Russian people.
Indeed.Is akin to how centuries ago the royals, Lords and nobility obtained theirs.
Worth remembering next time we bow to them
Maybe we should sanction Henry VIII?Is akin to how centuries ago the royals, Lords and nobility obtained theirs.
Worth remembering next time we bow to them
Who would bow to nobility or royalty? They can all jump off a cliff without a parachute.Is akin to how centuries ago the royals, Lords and nobility obtained theirs.
Worth remembering next time we bow to them
Whenever I see someone with a title, even a minor one, I always remember to take off my flat cap and wring it in my hands.Who would bow to nobility or royalty? They can all jump off a cliff without a parachute.
Can you imagine being answerable to a bunch of politicians, who think they know what they are doing. IME it's how good you are at bulls*****g as to how far you get and that is being polite about it. Some of the so called experts that were brought in to run the industries after privatisation were no great shakes.In a smaller way, the same happened in the UK. Nationalised industries were privatised and time-serving managers who had never run the proverbial whelk stall in the private sector suddenly found they could get serious money. Remember Cedric of British Gas?
Where did the 150m come from out of interest?According to Panorama - Abramovich became an oil trader when left the KJB in the early 1990s, In this period the assets of the USSR were available at knockdown prices to those with contacts. Abramovich bought a major State Oil company for around £150m and sold it 7 years later for £3.5bn. The losers were of course, were the Russian people.
He was an orphan raised by his grandparents. Reports I’ve read said he was a trader in illegal goods before the breakdown of the USSR and made a decent living from that. The recently released BBC reports say he would often sell stolen fuel to officers when he was in the army. They also say that he later stole a train full of fuel with forged documents and the charges were just dropped without explanation. I think he was eventually given a licence to trade fuel and made a lot from that.Where did the 150m come from out of interest?
Dodgy money or did he come from wealth?
The russian equivalent to del boy managed to amass 150 million ?He was an orphan raised by his grandparents. Reports I’ve read said he was a trader in illegal goods before the breakdown of the USSR and made a decent living from that. The recently released BBC reports say he would often sell stolen fuel to officers when he was in the army. They also say that he later stole a train full of fuel with forged documents and the charges were just dropped without explanation. I think he was eventually given a licence to trade fuel and made a lot from that.
When their nationalised industries were being sold off, he was able to buy a $600m oil company for $100m split with another man through a dodgy government backed finance scheme. The company was sold back to the government for a massive profit a few years later. There are other allegations like bribes to win auctions at a lower price than competitor bids and kidnapping a Chinese representative of a competitor to get them to pull out of a bidding war.