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  Alexander - #20
  
  You clearly must be far too young to remember the old state owned industries.
  
  They made massive losses and were heavily subsidised, a massive drain on the taxpayers. Privatisation was the best thing ever to be done to these industries.
  
  Councils could not even make money selling beer back in those days.
  
  If a businesses are run by the State they are guaranteed to lose money. It is not just a matter of management competency, it is also about capital risk and if there is no risk of a business failing, as is the case with nationalised concerns, then there is no imperative to keep costs under control, manage cashflow and generate profit.
  
  #22 Alex - my view, good - they should be running their businesses properly and not paying unnecessary tax. As customers and as shareholders (directly or indirectly through pensions etc) we all benefit from that.
  
  The government could change that with tax reform to bring in low, flat and simple tax rules.

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