£32bn? Cheap At The Price, Says Harrabin!

“most being private investment” – thats really a mouthful. I would take this a face value if the market carried any of those investments without the cudgel from public authorities coupled with truckloads of subsidies. But it does not. What’s worse than a public monopoly – a private one. Guaranteeing returns to investors eliminating all their market risk is not a private investment – it’s a relabeling of public funds. And it should be called such.

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