Prime minister Gordon Brown has confirmed that the government will sell assets including the Dartford Crossing and its stake in the High Speed 1 rail link raising up to £16bn to repay government borrowing.
“We plan a sale of assets to deal with our debt issues and I’ve said today that £16bn of assets will be sold within the next two years,” he said.
“We have listed a number of assets that we are determined over the next period of time to put into the marketplace.
“We plan a sale of assets to deal with our debt issues and I’ve said today that £16bn of assets will be sold within the next two years.”
Prime minister Gordon Brown
“That includes… the student loan book, the Dartford Tunnel, the Channel [Tunnel] Rail Link; it includes [Uranium enrichment company] Urenco (subject to security issues being addressed on that); it includes the Tote and includes other facilities and a property portfolio that will be announced over the next period of time.”
Chancellor Alistair Darling will publish a full list of assets to be sold in next month’s pre-Budget report. The Treasury has already said that the Dartford Crossing, Royal Mint, Ordnance Survey and Land Registry could be sold.