Rolls Royce may have been Private but it was Bailed Out by British Tax Payers? When this happens is it then no?

After Bailing Out Rolls Royce by Using British Tax Payers Money. I would have thought that the British Tax Payers would have some say in not allowing this Company to go to be sold off to Germany?|||They did have a say through their elected representatives in Parliament.


Unfortunately we cannot afford to have lots of referendums on all sorts of things and so we have a parliament of elected people to voice for us - some will agree and some will disagree with what they do but all have the opportunity for vote for or against them at election time|||Given the current state of british public finances, the government will sell off the company to whoever offers the best financial package, regardless of where they are coming from. Given that we are all going to suffer tax rises, I be happy with them doing anything that is the best financial course of action, regardless of who owns the business. And besides, the German economy is powering up at the moment, while the UK is showing warning signs. Maybe having the Germans controlling the company is not such a bad thing.|||The bail out was for Rolls Royce Engines (Aero Engines) and its devlopment of the RB211, that Company is still British?





The matter of British Companies being sold to foreign Companies is down to the balance of payments deficit. Part of the reason why Britain within Britain is seen as going to the dogs is the idea the Government is selling off British Companies, the Government is not directly responsible.





Indirectly they areresponsible in that they can help with how much exporting is done, if this takes the balance into surplus, Britain starts to buy foreign businesses, as happened in the 80s.





The first thing that needs to happen is George Osborne to hold the course he is on (I have a blog on the subject on Pulse click on my icon, you may be the first to read it, I can't access it from the Company PC I'm on) but in the mean time more British Companies are likely to be sold abroad, this is what comes of not balancing the books?|||We should have nationalised RR, along with the failed banks!



If capitalism proves itself incapable of doing the job then we should replace it with democratic workers control!