The Taxpayers’ Union
is celebrating the sale of SOE basket case Solid Energy
to the private sector - a welcome U-turn on John Key's indications last year of more
taxpayer-funded bailouts.
Taxpayers’ Union
Executive Director, Jordan Williams, says, "This is the
first real privatisation by the current Government, and what
a relief it is. The sale protects taxpayers and provides for
full payment to employees and trade creditors. It is a
monkey off the taxpayers' back."
"The only ones frowning
will be the Australian-owned banks. They had previously
looked to be in-line for a taxpayer-funded bailout."
"The
next SOE which should be sold is Kiwirail. Just like Solid
Energy, Kiwirail is a taxpayer black hole with around $7,000
per New Zealand household spent on bailing it out since
2008."
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