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TfL rolling stock crisis
On Mon, 8 Jan 2018 13:31:36 +0000, Roland Perry
wrote: 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. No, as stated in Paul's tweet that started this thread, they're to help fund the new Piccadilly line fleet. |
#2
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TfL rolling stock crisis
In message , at 13:43:43 on
Mon, 8 Jan 2018, Recliner remarked: 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. No, as stated in Paul's tweet that started this thread, they're to help fund the new Piccadilly line fleet. As an outright purchase (which I agree would be sending money round in circles) or to pay a different set of leasing costs? -- Roland Perry |
#3
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TfL rolling stock crisis
On Mon, 8 Jan 2018 13:54:39 +0000, Roland Perry
wrote: In message , at 13:43:43 on Mon, 8 Jan 2018, Recliner remarked: 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. No, as stated in Paul's tweet that started this thread, they're to help fund the new Piccadilly line fleet. As an outright purchase (which I agree would be sending money round in circles) or to pay a different set of leasing costs? The old stock will be worth much less than the new, so it's presumably to part-fund the purchase of the new stock. |
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