Downing Street Says

» Wednesday, February 8, 2006

QinetiQ

Asked to comment on Lord Gilbert’s phrase that the QinetiQ sell off was "bloody outrageous", the PMOS replied that Lord Drayson had set out the reasons behind it. As he had said before, the taxpayer benefited from the eight times rise in value of this company, because of the stakeholding that we had kept. The PMOS said he was not sure that Lord Gilbert’s phrase would be one shared by the taxpayer in terms of the added value that had been added to not only the company, but also the taxpayers’ holdings in it.

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