Anneliese Dodds MEP

The South East's Voice in Europe

Plans to sell UK's stake in Eurostar

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Anneliese today condemned the Conservative-led coalition government's plans to sell the UK's 40% share in Eurostar. 

During a visit to Ebbsfleet International Railway Station, Anneliese, along with local Councillors Tan Dhesi and Leslie Christie, attacked the proposal, which would remove one of the UK's most valuable transport links from government control and in the long term cost the tax-payer money.

Anneliese said: "This Conservative-led government is making a huge mistake in selling off such an important asset, which could continue to bring in money to the treasury every year. This loss of revenue would have to be compensated for through further spending cuts or tax increases, which would but an even greater burden on families across the country.

"The sale of our Royal Mail for millions of pounds less than its value has shown just how incompetent this government truly is and I fear that any Eurostar deal will go the same way."

Cllr Tan Dhesi, Labour's parliamentary candidate for Gravesham, agreed with Anneliese, and said: "We in Gravesham are opposed to this Eurostar privatisation by the Tory-led government. Our own experience is that privatisation of other rail lines has cost commuters dearly.‎"

Labour's European spokesperson on transport, Lucy Anderson MEP, said: "Eurostar has flourished under public ownership, generating millions of pounds in profits which can then be reinvested to improve public services.

"But instead of putting commuters and tax-payers first, the Tory-led government is lining up Eurostar and other state-owned assets to sell off, so that private companies can profit while Britain loses out.

"It has never been clearer that the status quo in Britain is not working, so I will continue to work with my colleagues in the European Parliament to promote transport models which focus on commuters and give tax-payers a fair deal."

At the moment, the UK government has a 40% share in Eurostar, with the French state-owned railway company, SNCF, owning 55% of Eurostar and the state-owned Belgian company, SNCB, owning the remaining 5%.

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