British Waterways to become a trust

As part of its reform of public bodies, the Government has decided to transfer British Waterways’ network in England and Wales from the public sector into a new charitable trust for the waterways. See here. The new body will be by far the largest business in the “third sector” and remind us that sell-offs to the private sector are not the only alternative to holding assets by the state. There is a third way…

The statute is passing through Parliament as we speak…