Socialist Worker

Who do you trust to deliver?

Issue No. 1758

Who do you trust to deliver?

THE LATEST privatisation madness is to hand key parts of London Underground to the same type of companies which have made railway journeys uncertain and unsafe.

The hardline Blairites want to crush opposition to this intensely unpopular plan.

So this week Bob Kiley, the chairman of London Transport, came under attack. Last year the London Transport board was specially "reshaped".

It was stuffed with fat cats including: Ed Wallis, chairman of Powergen; Derek Higgs, vice-chairman of property group British Land; and David Newlands, chairman of the engineering giant Tomkins.

These are the people who will have a crucial voice on whether to allow profit to rule on the tube. Another great Blairite plan is to force us all to take up "stakeholder" pensions run by private firms.

We are told this will be very safe, as safe as respected firms like Equitable Life which has been in business for over 200 years.

Equitable Life announced on Monday that the pension funds of one million of its policy holders will be slashed by 16 percent.

A customer might have scraped together a pension fund worth �50,000. Overnight it is worth �8,000 less.

The public sector is derided by the sharp-suited Blairites as being inefficient. Have these people ever looked at what their system means?

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Sat 21 Jul 2001, 00:00 BST
Issue No. 1758
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