Submitted on Monday 19th March 2012
Published on Wednesday 21st March 2012
Current status: Closed
Closed: Thursday 21st March 2013
Signatures: 3
Spend Royal Mail's pension fund windfall on Infrastructure
The government is due to receive a windfall of £28bn when Royal mails pension fund is nationalised. The funds are currently destined to reduce the deficit in a one of payment.
The undersigned propose to use the funds generated, by the selling of the funds assets, to fund an upgrade and expansion of the nations infrastructure.
At the time of writing this, the deficit is expected to be £7bn smaller than predicted. The deficit reduction is on track but growth is below was is to be expected. Use the money to create jobs and growth by spending the £28bn on the nations ageing and overworked infrastructure. Creating world class transport, broadband and energy networks serving the country for decades to come.
This policy would avoid the need to "privatise" anymore of the UK's infrastructure or use PFI schemes.
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