IWA WELCOMES GOVERNMENT DECISION NOT TO SELL OFF BRITISH WATERWAYS’ CANALSIDE PROPERTY

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The Inland Waterways Association (IWA) said today that it was pleased that the Operational Efficiency Programme report, issued to coincide with the Budget today, included no plans for a ‘selloff ‘of British Waterways’ non-operational canal side property. IWA added a note of caution however, at the recommendation made in the report that there should be a ‘wholly owned subsidiary of British Waterways’, formed to manage the portfolio; fearing that this could make it easier to ‘hive off’ the portfolio at a later stage.

 

The pre-budget report in November included a review of British Waterways’ property which many interpreted as a thinly veiled trailer to a ‘fire sale’ to service massive debt elsewhere. IWA has lobbied hard against this proposal, talking to Members of Parliament, corresponding with Ministers and with open letters published by the press.

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