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“Labour”, indeed.
Thatcher would be so proud
those contracts take years to tender and likely have huge clawback clauses. I doubt that Labour got into power and immediately signed contracts for things like this. More likely it was more expensive to stop it.
Bingo. I also suspect they’re gambling on it being a failure. Hard ball behaviour if true but a failure of such a privatisation would be very high profile and likely put a stop to anything similar for a long time.
Also note that failures to meet agreed standards will have penalties so it might be possible for labour to force them out that way.
