Time to take stock on privatisation

17th August 2001 at 01:00
I have just reviewed my investment portfolio. The conclusion was that it is better to hold cash than shares with one exception: a glossy brochure from a city firm shows pound;1,000 invested in the FTSE 100 index in 1996 is worth at best pound;1,800 today; the same amount invested in an "education index" of education firms would now be worth pound;3,800.

As a retired business studies teacher used to maximising my wealth I am grateful for the bright spot of the Education Index amid the gloom of the share market. But, the question is, could the dividends stemming from the flow of funds from taxpayers to companies be better used directly in the education world?

There must be a case for more transparency to reveal the hidden cost to the taxpayer of privatisation and private finance schemes Bill Morehead

Education consultant

33 Brompton Walk, Darlington, Co Durham

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