Who gains from ferries?
Ferry operators have already spent millions on the [implementation of technical and operating changes since the Zeebrugge disaster a year|[aigo, bjut have drawn the [line at expensive) safety measures despite an anntial input into Conservative [ Party funds. 11 I The P and [O line has traiditionally held close ties withj the Conservative Party. The chajirman, Sir Geoffrey Sterling, is, according to the seamen’s union, a personal frieinc of the Prime Minister, Mrs Thatcherj: as well as beiing a member of the Cabinet privatisation committee, with an [ office in Lord Young’s ‘fdepartment of enterprise.” P andjO’s dor ations to the Conservative
l : i ! ! I I :i i ■ i : I I • I Party’s funds include $60,000 in 1984, the; Same amount the following year, and' $90,000 in [1986. I I ; I i jII ' ’ I ' I' I M ' I ' '• ■ ’ I i i ‘ ’ i [Profit forecasts before [tax for Pand O' European [Ferries are: 1988,1 $3O million; 1989, ; S4OM; 1990, SBSM. ! [ ':] H :,[.!]; J [[][. ;■( : > • [;! [ [P and O.E.F. hopes to save]sll.s million this year] from: [crew redundancies [and a? further I $10.5M 'from administrative 1 savings. The company is in no[ mood to spend !' tyioney ion [safety modifications [it regards as unnecessary. The company’s services out I of I Dover are its I biggest moneyspinner, contributing more than 60 per . cent of its revenue. i 1 I i '' Il I I;:.' ! .. !;':!■; : ' I
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Press, 23 March 1988, Page 19
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230Who gains from ferries? Press, 23 March 1988, Page 19
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