In message , at 12:37:01 on
Mon, 8 Jan 2018, Recliner remarked:
On Mon, 8 Jan 2018 12:09:56 +0000, Roland Perry
wrote:

In message
-septe
mber.org, at 11:17:32 on Mon, 8 Jan 2018, Recliner
remarked:

How do you know what the cost of political upheaval after raising taxes
is likely to be?

But they wouldn't raise taxes. They'd just borrow the money more cheaply,
thus ultimately reducing future taxes.

What makes you think they have the power to borrow the money required?

Are you joking? Of course the Treasury can borrow more. It does so
all the time.

But can it borrow money to prop up TfL's current account? Remember - the
funds raised by the sale/leaseback are being used keep TfL going on a
day to day basis.
--
Roland Perry