Re: BW's investment portfolio
2009/11/26 Adrian Stott <reply@...>:
> However, if I were to place a bet, I would go for "much more unsafe
> under Labour than under Conservative".
I'm not sure that argument is sustainable.
It's the Conservatives that want to slash the deficit quickly and say
they will make big spending cuts. I wouldn't fancy BW's chances in
that - though a good minister might spare some of the pain. The level
of tax payer support remains the most important issue.
BW didn't do very well last time they were in power.
Many Conservatives instinctively dislike the state owning things -
which is how they view BW. And I'm fairly sure that BW's desire to
move to the third sector is mostly motivated by preparation for a
possible new government.
That's not to say I would be complacent about BW under any government
after the recession has played havoc with the public finances.
We were very lucky around the turn of the century with new sources of
funding such as the lottery, growing public spending, a recognition of
waterways as a source of regeneration, supportive ministers and David
Fletcher at BW. It's unlikely to happen again. We will need to be very
vigilant at all times.
I agree with Adrian's scepticism about petitions, although a badly
supported petition can actively do harm so I've signed it too. (That