Justin is one of the most recognisable and trusted market commentators on television, radio, and in the press.
Originally trained as a lawyer, he has observed the retail market industry for 20 years whilst at Barclays Stockbrokers and developed a unique understanding of the market’s roles and benefits for the private investor.
Each week we will bring you Justin’s latest thoughts and commentry.
More Family Silver for Sale – don’t privatise but unitise – Read the full article here!
So it looks as though George Osborne is aiming to have a full clear out of government assets on such a scale that makes Mrs Thatcher’s record privatisations look more like a local tombola – well not really. The FT reported that he is aiming to sell private assets worth around £32 billion this financial year, which would top the record set in 1991 when the Conservative government raised £11.8 billion, (approximately £20.5 billion in today’s money).
Additionally as we saw earlier last week he has already signalled his intent to sell off the government’s £32 billion stake in RBS by disposing of 5.4% of its stake at a loss – at 330p against an approximate purchase cost of 502p. He also intends to press ahead with the remaining sale of the holding in Royal Mail for an estimated £1.5 billion and to part privatise the Green Investment Bank.
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