24-Dec-2011

Margaret Thatcher's Funeral May Be Privatized

WHICH investment bank will underwrite the ticket sales at Margaret Thatcher’s privatised funeral?
The Capitalist only asks because, as of last night, more than 14,000 people had signed up to the e-petition posted by Scott Morgan declaring that the Iron Lady’s state funeral should be funded and managed by the private sector.
After all, Baroness Thatcher privatised the railways, the water companies, the electricity providers and the telecoms firms – so she should surely approve of the online rally to offer the “best value and choice for end users and other stakeholders” on her passing.
As the petition on the government’s website reads: “The undersigned believe that the legacy of the former prime minister deserves nothing less and that offering this unique opportunity is an ideal way to cut government expense and further prove the merits of liberalised economics Baroness Thatcher spearheaded.”
If the number of signatories hits 100,000 – as is looking pretty likely, since the petition runs until October next year – the Backbench Business Committee will present the idea as a motion in the House of Commons.
Time for City firms to start thinking of how to take a percentage of the profits, then – as Rothschild, which advised on the privatisation of British Gas, British Steel, British Coal and the regional electricity and water boards, demonstrated so admirably.
That's a mind-blowingly fitting tribute to the lady and her legacy.  No one can accuse the British of not doing the right thing by their leaders.  

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