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Go-Ahead - Flotation

EDM number 1206 in 1993-94, proposed by Nicholas Brown on 10/05/1994.

That this House notes that the Go-Ahead group, a former public company running transport services in the North and bought out, principally by three senior managers for ú2.9 million in 1987, has reached a value of over ú40 million on flotation; considers the resultant huge increase in the personal wealth of just three men, compared with the deterioration in the wages and conditions of the workforce responsible for the success of the company, to be shameful but not untypical of the results of privatisation policy; further considers the comments of directors regarding the opportunities for employees to purchase shares 'on no more favourable terms than any other investor' to be a sop rather than an ESOP; and regards the minimal improvements in some services at the expense of others, when compared with increases in congestion, pollution and fares, to be small compensation to the travelling public and a prime example of the principal objectives of privatisation, which are to enrich the few at the expense of the many.

This motion has been signed by a total of 53 MPs.

Nick Brown10/05/1994Newcastle upon Tyne EastProposed
Joyce Quin10/05/1994Gateshead EastSigned
Stuart Bell10/05/1994MiddlesbroughSigned
Hilary Armstrong10/05/1994North West DurhamSigned
Terry Davis10/05/1994Birmingham, Hodge HillSigned
Jim Cousins10/05/1994Newcastle upon Tyne CentralSigned
David Clelland10/05/1994Tyne BridgeSigned
Ronnie Campbell10/05/1994Blyth ValleySigned
Stephen Byers10/05/1994WallsendSigned
Alan Milburn10/05/1994DarlingtonSigned
John McWilliam10/05/1994BlaydonSigned
Eric Martlew10/05/1994CarlisleSigned
Peter Mandelson10/05/1994HartlepoolSigned
Giles Radice10/05/1994North DurhamSigned
Dennis Turner11/05/1994Wolverhampton South EastSigned
Harry Barnes11/05/1994North East DerbyshireSigned
Tony Banks11/05/1994Newham North WestSigned
Janet Anderson11/05/1994Rossendale & DarwenSigned
Norman Godman11/05/1994Greenock and Port GlasgowSigned
John Evans11/05/1994St Helens NorthSigned
Lawrence Cunliffe11/05/1994LeighSigned
John Cummings11/05/1994EasingtonSigned
Michael Connarty11/05/1994Falkirk EastSigned
William McKelvey11/05/1994Kilmarnock & LoudounSigned
John McAllion11/05/1994Dundee EastSigned
Alice Mahon11/05/1994HalifaxSigned
Lynne Jones11/05/1994Birmingham, Selly OakSigned
Dennis Skinner11/05/1994BolsoverSigned
Ernie Ross11/05/1994Dundee WestSigned
Bridget Prentice11/05/1994Lewisham EastSigned
Terry Patchett11/05/1994Barnsley EastSigned
Bill Michie11/05/1994Sheffield, HeeleySigned
Bill Etherington12/05/1994Sunderland NorthSigned
Jim Dowd12/05/1994Lewisham WestSigned
Eric Clarke12/05/1994MidlothianSigned
Eric Illsley12/05/1994Barnsley CentralSigned
John Hutton12/05/1994Barrow & FurnessSigned
Colin Pickthall12/05/1994West LancashireSigned
Alan Meale12/05/1994MansfieldSigned
Peter Pike13/05/1994BurnleySigned
Ken Livingstone13/05/1994Brent EastSigned
John Battle13/05/1994Leeds WestSigned
Peter Hardy16/05/1994WentworthSigned
Hugh Bayley16/05/1994York, City ofSigned
John Heppell17/05/1994Nottingham EastSigned
Tommy Graham17/05/1994Renfrew West and InverclydeSigned
Ian McCartney17/05/1994MakerfieldSigned
Gerry Steinberg23/05/1994Durham, City ofSigned
Andrew Miller25/05/1994Ellesmere Port & NestonSigned
Andrew Faulds21/06/1994Warley EastSigned
Mike Hall22/06/1994Warrington SouthSigned
Jack Thompson30/06/1994WansbeckSigned
Dale Campbell-Savours07/07/1994WorkingtonSigned

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