"Neil Arlidge" <[EMAIL PROTECTED]> wrote: >http://business.timesonline.co.uk/tol/business/economics/budget_2007/article1550995.ece >(5th paragraph)
The following is extracted from the latest IWA Head Office Bulletin: "A short article in The Times on 22nd March - the day after the budget - which intimated that the government intends to force British Waterways to sell its property assets appears to be entirely press speculation, rather than based on any announcement or informed source. There was no specific mention in the Budget and the speculation appears to be based solely on a continuation of a current process which is part of the negotiations with Government departments during the Comprehensive Spending Review process. The press articles have looked at the range of public bodies with assets and lumped British Waterways in with the rest. In British Waterways' case, the assets enable it to earn income that directly reduces the requirement for grant-in-aid; so selling the assets would increase the call on public funds, rather than reduce it." Adrian Adrian Stott 07956-299966
