Sunday 3 February 2008

Treasury coup as barracks sell for £956m

The government has finalised the sale of Chelsea barracks to the property moguls Christian and Nick Candy and the investment arm of the Qatari government.

The £956m deal was agreed too last spring, however the government and the buyers had to sort out the legal details of the sale.

Selling the barracks for nearly a billion pounds will be seen as a major coup for the Treasury and the Ministry of Defence. In the Commons defence select committee’s report on the work of defence estates, it accused the government of underselling assets. Recent property estimates by the MoD had valued the property at £300m. The Treasury will receive the money, however a fair amount of it will most likely be reinvested in the MoD and Defence Estates in particular.

Read more:

The Conservative sold the Family Treasure, now Labour has sold the Crown Jewels; for what?

When the alickadoos of the Forces Charities are sipping their pink gins and having first class bashes with charity money, the needs and the aspirations of the lower ranks will be heinously ignored. There will be a thousand piss-ups for the powers, while the money raised will be squandered on expenses and legal fees. Our politicians and Top Brass have proven themselves incapable of being called Honourable. Just listen to the facile defence that MP Derek Conway is putting forward..."I did nothing wrong!"

I would like to take those words and his faggot son and greedy family and stuff them right up his arsehole. One of his BOYS might just like that!


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