Privatisation of national industries

[Tashyboy]

Delc am sorry but having read your piece on prices of train fares I think you are being a bit of a pussy.

Train fares are going up and massively, for anyone to say otherwise is related to an ostrich with its head in the sand. If you have travelled by train abroad you will be able to relate to cheaper rail fares Irrespective of whether they are subsidised or not. And if they are, ask yourself why ? The government has gone on record and said massive amounts need to be spent on the railways to update them, including new trains/carriages. Yet they push ahead with HS2.

Electricity and Gas, again de nationalisation was going to provide competition and drive prices down. Yet they continue to rip off customers.

Water, again de nationalised yet Mr ombudsman when companies do not repair leaks. Do not fine said companies because to do so would mean less spent on repairs.

Royal Mail, now costs more for a flippin stamp than it does for a Christmas card.

on a positive note. All those people who managed to get shares at knock down prices, if they were part of a select affluent group did well at the time ( like me ma and pa). shame they have had to pay for it ten times over since.

 

[Hobbit]

Tashy, you were doing great until you went on to say affluent group. I couldn't even afford a second, battered car but could by the time I'd finished carpet bagging shares from the industries you speak of. There was a report x years ago about who bought shares back then, and it was, in the main, the working man. But then, like me, sold up quickly and making a wacking great profit, e.g. I bought BT at £3.30 a share and sold for £12.

 

[Tashyboy]

Tashy, you were doing great until you went on to say affluent group. I couldn't even afford a second, battered car but could by the time I'd finished carpet bagging shares from the industries you speak of. There was a report x years ago about who bought shares back then, and it was, in the main, the working man. But then, like me, sold up quickly and making a wacking great profit, e.g. I bought BT at £3.30 a share and sold for £12.

The affluent group were me mum and dad. I can remember them asking me if I was going to buy shares in BT, ( was it Busby that was the advertising bird) anyway I had all on getting by from week to week. They made a killing on all the shares inc X number of banks. She had a right Royal moan a couple of months ago about the price of gas and leccy. I reminded her of her killing with the shares. She had a face like thunder.

 

[Liverbirdie]

Typical Thatcherite policies.

Oh you'll have more choice (they said).........on who will rip you off, and have pensioners paying over £1,000 a year on both.

Food or fuel,this month?

 

[Ross61]

Tashy, you were doing great until you went on to say affluent group. I couldn't even afford a second, battered car but could by the time I'd finished carpet bagging shares from the industries you speak of. There was a report x years ago about who bought shares back then, and it was, in the main, the working man. But then, like me, sold up quickly and making a wacking great profit, e.g. I bought BT at £3.30 a share and sold for £12.

when did you buy the BT shares? The offer price when privatised was £1.30.

 

[PhilTheFragger]

The affluent group were me mum and dad. I can remember them asking me if I was going to buy shares in BT, ( was it Busby that was the advertising bird) anyway I had all on getting by from week to week. They made a killing on all the shares inc X number of banks. She had a right Royal moan a couple of months ago about the price of gas and leccy. I reminded her of her killing with the shares. She had a face like thunder.

Nobody made a "killing" from these shares, they were so over subscribed that nobody got enough to make a real difference to their lives
may have made a hundred quid here or there, but not enough to buy a new driver, let alone retire.

 

[Tashyboy]

Nobody made a "killing" from these shares, they were so over subscribed that nobody got enough to make a real difference to their lives
may have made a hundred quid here or there, but not enough to buy a new driver, let alone retire.

Hundred quid to me mum was a killing. 😁

 

[Bunkermagnet]

Whilst the whole privatisation push in the 80's has created problems now, the biggest Thatcher screw up was the "Right to Buy". Not only did it create the housing bubble and crash, but the legacy of almost no social housing is totally disgusting,

 

[Tashyboy]

Whilst the whole privatisation push in the 80's has created problems now, the biggest Thatcher screw up was the "Right to Buy". Not only did it create the housing bubble and crash, but the legacy of almost no social housing is totally disgusting,

Nah then bunker, this is the bit that grips mah poo. If a house was worth 100k theoretically you could buy it for 50k half the value. But only 25K went to the council that sold the house. The other 25k went to maggies central government fund. So Maggie wins. Mr council tennant wins ( and some are now in £1 million houses). But the council and generations of future potential tenants lose out.

 

[SocketRocket]

Whilst the whole privatisation push in the 80's has created problems now, the biggest Thatcher screw up was the "Right to Buy". Not only did it create the housing bubble and crash, but the legacy of almost no social housing is totally disgusting,

But it didn't make less houses. Most of the houses sold are either still lived in by the people that bought them or the proceeds have been left to their children who will be able to use it towards buying a house. Ex Council houses on Council Estates are not exactly being lived in by the filthy rich.

 

[Bunkermagnet]

I seem to remember you paid a quarter of its true value, or family members who weren't living in the house did.

 

[SocketRocket]

Nah then bunker, this is the bit that grips mah poo. If a house was worth 100k theoretically you could buy it for 50k half the value. But only 25K went to the council that sold the house. The other 25k went to maggies central government fund. So Maggie wins. Mr council tennant wins ( and some are now in £1 million houses). But the council and generations of future potential tenants lose out.

The proceeds went to local authorities.

 

[SocketRocket]

Typical Thatcherite policies.

Oh you'll have more choice (they said).........on who will rip you off, and have pensioners paying over £1,000 a year on both.

Food or fuel,this month?

Would that be the same greedy pensioners that have had life easier than any following generation, who are swilling with cash and living on gilt edged pensions?

Only asking.

 

[SocketRocket]

I seem to remember you paid a quarter of its true value, or family members who weren't living in the house did.

I think the amount was based on how long you had paid rent and you needed to have paid in for over 20 years for the maximum discount.

 

[Liverbirdie]

Would that be the same greedy pensioners that have had life easier than any following generation, who are swilling with cash and living on gilt edged pensions?

Only asking.

So all pensioners have private pensions, and arent just living off state pensions?

Maybe different in the south.........only asking.:thup:

 

[Ross61]

The proceeds went to local authorities.

Only half the proceeds went to local authorities who could only use the money to reduce the council debt until the debt was cleared. Hence very few new council houses were built and the queue for a house to rent stayed the same.
All this achieved nothing to solve the problem for the young adults to obtain a dwelling in the town where they worked.... which job they probably lost in the recession's and the closure of so many companies.

 

[Hobbit]

when did you buy the BT shares? The offer price when privatised was £1.30.

Dodgy memory. I worked for BT. Got a load free, and a matched offer to purchase others. There was also a savings scheme straight from salary.

 

[Ross61]

Dodgy memory. I worked for BT. Got a load free, and a matched offer to purchase others. There was also a savings scheme straight from salary.

I think it was Something like 100 free plus buy 3 for 2 up to a max of £200 pounds and then a 10% discount on any further purchases.
I had only bought my flat the year before and was struggling to pay the mortgage, so borrowed £200 off my mum and dad for the 3 for 2.

By the way you would have had to keep your shares for 14 years to sell for £12.

the saving schemes still exist. I have 4 running at present

 

[Tashyboy]

Only half the proceeds went to local authorities who could only use the money to reduce the council debt until the debt was cleared. Hence very few new council houses were built and the queue for a house to rent stayed the same.
All this achieved nothing to solve the problem for the young adults to obtain a dwelling in the town where they worked.... which job they probably lost in the recession's and the closure of so many companies.

yup that's how I understand it.

 

[SocketRocket]

So all pensioners have private pensions, and arent just living off state pensions?

Maybe different in the south.........only asking.:thup:

That's what the Remainers keep telling us.