[Sephiroth]

Originally Posted by 1andrew1

Don't know those swaps worked that well. Surely with all that North Sea oil and gas revenue and privatisations we should be far better off than we are now as a country, even given the recent hit from Brexit?

Which privatisations, though? The utilities are a disaster and have done nothing for the exchequer beyond corporation tax. A better regulation scheme might have seen a better outcome.

That said, an arm's length operation, such as the Post Office, hasn't exactly worked out.