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Is Gordon Brown set to sell off the family silver?

As UK national debt continues to rise there are serious concerns that Gordon Brown is about to "sell off the family silver" in order to reduce the national debt as quickly as possible. There are strong rumours that the Royal Mint will be the next privatisation issue with more likely to follow in due course. Is this really the way forward or are there alternatives?

Ultimately the UK taxpayer could be hit with a £2 trillion or £3 trillion debt after the UK government has finished rescuing the UK banking system and other areas of the economy. This will ultimately have to be paid back and while UK taxpayers will be burdened with the vast majority of the liability there may be a need to raise significant funds by privatising government controlled businesses. Even though the privatisation of the largest UK government controlled businesses would raise nowhere near the £2 trillion debt expected to materialise, it could take some pressure off short-term budget issues.

However, there are concerns that Gordon Brown has a very patchy track record in privatisations and the sale of national assets having changed the U.K.'s gold standard and sold the country's supplies at rock bottom prices some years ago. Will he have learnt over the years?

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