Railtrack

EDM number 820 in 1995-96, proposed by Gordon Prentice on 30/04/1996.

That this House notes that the Railtrack prospectus is to be published on 1st May, and that ú1,229,418,952 of loans transferred to Railtrack from British Rail are to be written off to aid the flotation; considers the Government's debt write off policy for industries awaiting privatisation which now totals ú25 billion to be a national scandal in that public assets are being sold off at bargain basement prices; and urges potential shareholders in Railtrack to think again and give the share issue a wide berth.

This motion has been signed by a total of 60 MPs.