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ARCHER OPPOSITION TO TUBE PRIVATISATION DISMAYS LONDON BUSINESS GROUPS

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In his first big speech since becoming the Tory candidate for London mayor, Jeffery Archer urged companies not to s...
In his first big speech since becoming the Tory candidate for London mayor, Jeffery Archer urged companies not to submit bids to run London Underground.

Lord Archer is reported in the Financial Times (p5) as calling the part privatisation plan (PPP) drawn up by John Prescott as 'reckless' and a 'half-baked scheme'.

He also vowed to sack Tube managers responsible for problems on the underground and said he would refuse to work from the new building planned for the capital's assembley at London Bridge.

A spokesperson for business group London First said: 'A stand-off between mayor and government over the PPP will be damaging and could further delay much-needed investment in the underground.'

Another business group said it feared it Lord Archer became London mayor he would use it as 'a vehicle to knock the government' rather than to improve the capital.

Also under Archer all transport bodies would be abolished to create a single body, Transport for London.

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