By the European debt crisis dragged down a large number of European countries trying to cut expenditure by the privatization of state-owned assets. According to British newspaper "Independent" reported outside the UK, Greece and Spain, 10 countries have sought to sell or lease state-owned assets in order to get rid of the debt burden. Intended to be or has been the sale of assets, including state-owned energy companies, aerospace and subway service system. The report said: "The sale of state-owned assets in Europe never before seen the plight of.
Cameron said that some of Britain's road network has been for decades has not been upgraded, lagging behind other countries ", traffic congestion led to the UK are wasted each year of £ 7 billion to improve road conditions play an important role for economic development. But opponents believe the move will provide road charges surge to open the door.
English road network or the introduction of large-scale private investment
British Prime Minister David Cameron said on the 19th, the country is considering selling part of the assets of the domestic road network, the introduction of private capital to the highway system to reduce public funding. The British Government will be released on the 21st fiscal year 2012 budget, local time, when part of the road network asset privatization program will also surfaced.
Among them World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor , Greece is undoubtedly the most euro area member states is "dumped goods". According to the privatization program launched in 2010 by the Greek government, the country will be before the end of 2015 through the privatization of state-owned enterprises to raise about 50 billion euros. Privatization projects, including state-owned gaming companies, the state gas company, SNCF, the state-owned defense equipment company World steel pipe network editing , Mining and Metallurgical Corporation, Post Bank of Greece, Agricultural Bank of Greece, the Greek power company, Greece vehicle company OTE, Greece International Airport and 39 regional airports, the port of Piraeus, the port of Thessaloniki, Athens water supply companies.
However, analysts are optimistic about the outlook for the UK economy expected. According to Reuters on the 20th, some analysts expect next year the British government borrowing is expected to fall to 100 billion pounds for the first time since the 2008-2009 fiscal year is below the £ 100 billion. A good start this year's economic and debt crisis in Europe can be suspended, the British Government may raise the expectations of economic growth in 21 the new fiscal year budget meeting.
Analysts said the British government brewing assets part of the road network privatization highlights the plight of the country is facing cuts in public spending to ensure economic growth. At present, European countries also seeking to cut costs through the rental or sale of state assets.
Cameron, 19, said: "We urgently need to consider the introduction of large-scale private investment, including sovereign wealth funds, pension funds or other private investment in the national road network.
European debt crisis clouded the British economy is on the verge of the edge of recession, while the face of the most serious since World War II deficit burden. According to the Office for National Statistics data, the fourth quarter of 2011, amended British gross domestic product (GDP), the ring fell 0.2 percent annual GDP growth in 2011 from the initial 0.9% to 0.8%. British Lloyds TSB Bank chief UK economist David Page, warned that if Britain's future economic growth fell short of expectations, the expected to the 2017 deficit will increase by about 45 billion pounds. This will make worse, currently being implemented stringent fiscal austerity, the British may even endanger its AAA sovereign credit rating. Fitch announced on the 15th, the British lowered the rating outlook from "stable" to "negative" and said that England lost the highest rating of more than 50 percent chance in the next two years.
European multi-national state-owned assets "auction"
"The Guardian" reported that Britain's road network assets part of the privatization program worth billions of pounds. According to Rothschild Bank estimates that the privatization of Britain's road network assets worth up to £ 100 billion.
According to the above scenario, sovereign wealth funds and pension will be allowed long-term lease of the British roads. British road charges, if the investment is the expansion of existing roads or new roads, future charges; at the same time the British Government for the investor to set a series of goals, such as reducing road congestion and improve roads, etc., if their goals, will be a certain percentage of vehicle excise duty. UK Department of Transport and the above plan of the Ministry of Finance will conduct a feasibility study and submitted their report is expected in August.