Britain is now following a developing country economic model – and we know where that leads
Danny Sriskandarajah writes for the Guardian
06 March 2025
NEF chief executive Danny Sriskandarajah wrote about how selling off assets to foreign owners, deregulating markets, and liberalising financial services only leads to inequality and instability, for the Guardian:
“Britain was of course the trailblazer for privatising infrastructure in the Thatcher years, and subsequent UK governments went on to use public-private partnerships to fund new schools, hospitals, roads and prisons, with much of the capital being raised overseas. While many countries in the global south have been coerced into selling off their assets, successive UK governments have done so enthusiastically, watering down our regulations and lowering tax barriers – known as “de-risking” in today’s parlance – to attract foreign entities seeking to buy up British assets.”
