Adrian Stott wrote: > Martin Clark <[EMAIL PROTECTED]> wrote: > >> The government announced a "review" of British Waterways' model for >> managing its canal-side property portfolio. It didn't say that it was >> going to sell it off, although that is always one of the possible >> outcomes from the review. > > I suspect that this is as a result of the recent KPMG report on the > structure of BW, which suggested a restructuring of BW which includes > separating its property and investment operations from the public > sector bit, and putting the former into a new private sector company > run by BW. > > The study also concluded that the only apparent way BW could overcome > the shortfall between what it needs to spend each year to run the > waterways and its income was to get *more* out of investing in > property, so I think it unlikely that the government is now planning > to confiscate the current property portfolio.. > > Adrian
No, but the next incoming Tory one will have to to clear up the mess? :-) -- Neil Arlidge - NB Earnest Follow the travels of TNC, now in Ireland http://www.tuesdaynightclub.co.uk/tour.html
