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  Gents
  
  On current freight and passenger volumes DHB makes £20m per annum profit, far from bankruptcy by any stretch of the imagination (from DHB accounts)
  
  Under the Ports Act 1991 any purchaser needs to sink 50% of the purchase consideration into the port as working capital so the "Peoples Port" bid will have a war chest of £200m as working capital plus the cashflow from normal operations and the annual profit, again far from bankruptcy. (read the act and the Peoples Port proposal)
  
  T2 is a red herring at this juncture due to current and short term future economic conditions, it is not needed and should not be built. This is why DHB are extending 2 of the existing berths to accommodate the new P&O "Super Ferries", they know T2 is a non starter. (see other threads on here regarding port activity)
  
  Despite this DHB have already raised c£60m in special levies from the ferry companies to build T2, but have used it to tidy up the company pension fund etc. to make it attractive for a trade sale. Probably one of the many reasons the Ferry operators have put their weight behind the "Peoples Port" proposal. (see press articles from when DHB originally proposed a trade sale)
  
  Sorry Vic the country is not going bankrupt, all economic indicators show that the economy is improving and the Bank of England has confirmed that they are not going to revert to QE/printing money as that would significantly fuel the risk of inflation as the economy improves. (ref the FT or any decent papers financial pages today)
  
  If UKIP are going to peddle this nonsense please provide your evidence (as I have)

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