Public Sector Union Proposes Private Equity Survival Deal

Secret documents leaked from the Public and Commercial Services Union show that the militant public sector union is in crisis and flogging off their assets to the private equity fund Brockton Capital. Long overdue trade union reforms are finally working. The controversial “check off” process has been clamped down on by Francis Maude, and the civil service has been reduced by 21% since 2010, leaving the PCS with a massive funding crisis:

 “The union faces an exceptional, urgent situation. The NEC noted at its meeting in December that the union will experience a significant drop in subscription income in the coming period due to the combined effects of check off removal and membership loss due to job cuts in the civil service…”

Mark Serwotka and his NEC have come up with a genius solution: privatisation of their Clapham Junction HQ:

“Several bids were received of around £20 million. A sum of this order would provide would form the platform on which a reconfiguration of our operations can be made in the medium term to adjust the union to a new, ongoing, lower level of income.

 The NEC authorised the Senior Officers Committee to agree the sale of the Clapham Junction building if a suitable deal can be reached. A bid from Brockton Capital was received which was the highest at £25 million and also allows a year of rent free occupation of the building.

Altogether, the value of this bid is at least £2.5 million more than the next highest. Brockton plan a conversion of the site into a new office building rather than a residential scheme which the other bidders were planning.”

Having spent decades striking against privatisation and cuts, the PCS have privatised and cut…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Theresa May tells Bercow:

“Mr Speaker-elect, can I congratulate you on your re-election. At least someone got a landslide.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Happy Independence Day! Happy Independence Day!
Sun Cleared by Hospital Sun Cleared by Hospital
Exporters Order Books at 29 Year High Exporters Order Books at 29 Year High
Corbyn Refuses to Bow to The Queen Corbyn Refuses to Bow to The Queen
McDonnell Repeatedly Backed Far Left ‘Day of Rage’ Group McDonnell Repeatedly Backed Far Left ‘Day of Rage’ Group
“Soft” and “Hard” Brexit Terms Obsolete “Soft” and “Hard” Brexit Terms Obsolete
Hammond’s “Sound Money” Speech Sadly All Spin Hammond’s “Sound Money” Speech Sadly All Spin
Tommy Robinson Called British Muslims “Enemy Combatants” Tommy Robinson Called British Muslims “Enemy Combatants”
Corbyn Praised at London Hezbollah Rally Corbyn Praised at London Hezbollah Rally
Government Understaffed – Key SpAd Vacancies Up for Grabs Government Understaffed – Key SpAd Vacancies Up for Grabs
Sunday Shows Sunday Shows
Clive Lewis: “Burn Neoliberalism” Clive Lewis: “Burn Neoliberalism”
Corbynista Ultras Involved in Storming Kensington Council Corbynista Ultras Involved in Storming Kensington Council
CCHQ Already Preparing for Next Election CCHQ Already Preparing for Next Election
CCHQ Diverted Resources from ‘Safe Seats’ Tories Lost CCHQ Diverted Resources from ‘Safe Seats’ Tories Lost
Constituent Claims New Labour MP Called Her “Ugly B*tch” Constituent Claims New Labour MP Called Her “Ugly B*tch”
Corbyn vs Blair Corbyn vs Blair
How to Speak Like a Corbynista How to Speak Like a Corbynista