Lang performs a double somersault
Friday 03 May 1996
The thinking goes something like this: when we decided not to let the two generators buy regional electricity companies last week we thought we'd made it plain that vertical integration was off the menu.
But then you go along in your transit van to Nat Power's registrars and take away 40 boxes full of shareholder information. Obviously what we saying was too subtle. Well here it is with both barrels. The businesses ain't for sale.
The other interpretation, of course, is that National Power is for sale providing the bidder is bold enough to create adequate competition in the generating market by breaking it into several chunks. True, this is a minority interpretation, but it is perfectly consistent with the double somersault Mr Lang manages to perform in the space of his eight-line statement.
The Government, for entirely understandable political reasons appears to have linked ownership of the electricity industry with its structure by blocking any bids for the two generators - from whatever quarter - until it is satisfied there is "adequate competition in the generation and supply markets".
It might have been simpler, and more honest, to say we don't want any contested bids for the two companies with all the attendant bad publicity this side of an election. But then a government supposedly committed to free markets couldn't possibly admit to such a simplistic explanation for using its golden share.
- 2 Saudis risk new Muslim division with proposal to move Mohamed’s tomb
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Cee Lo Green: It is only rape if the victim is conscious
- 5 Nigerian witch-finder Helen Ukpabio threatens legal action against human rights organisations
Perez Hilton apologises for publishing Jennifer Lawrence naked 4Chan photos
Emma Watson on Jennifer Lawrence naked photo leak: 'Even worse than seeing women's privacy violated is reading the comments'
Ariana Grande nude photos leak: Pictures are completely fake, say representatives
Saudis risk new Muslim division with proposal to move Mohamed’s tomb
Kate Upton nude photos leak: Model's spokespeople 'looking into' authenticity of indecent images
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ashya King: 'Cruel NHS has not given us the treatment we need', says father of five-year-old with brain tumour who fled to Spain
iJobs Money & Business
£30000 - £45000 per annum + benefits+bonus+package: Harrington Starr: Front-Of...
£700 per day: Harrington Starr: Quantitative Developer C++, Python, STL, R, PD...
£700 per day: Harrington Starr: Java/Calypso Developer Java, Calypso, J2EE, J...
£500 per day: Harrington Starr: SQL Developer SQL, C#, Stored Procedures, MDX...