Privatisation. It's not what you do, it's the way that you do it....

1. City centre prision sites will be sold and replaced with new prisons funded through the private finance initiative.

2. The Royal Mint, Defence Export Services, British Trade International and the remaining motorway service station interests will be privatised.

3. Channel 4 and London Underground will be privatised. Channel 4 will remain a public service broadcaster and will be carefully regulated.

4. Regional rail services (and underground lines) should be joint ventures between the relevant train operating companies (franchisees) and the regional track maintenance authority. Train operators will be responsible for all aspects of the passenger experience including punctuality, comfort, reliability, safety, cleanliness and the provision of accurate and timely information to travellers. Government subsidy for railways will be through three distinct channels: i) passenger subsidies targeted on reducing congestion, ii) track maintenance funding and iii) grants to elicit substantial private investment in new infra-structure. Track maintenance authorities will operate as cost centres. Train services will be operated as separate profit centres(with some subsidies). Although separate companies, they will have the same board members.

5. The Post Office will be privatised with a guarantee of equal pricing for all regions and locations within the UK. There should be a minimum of one delivery every two days. However, first class business parcels will still be delivered on a daily basis. A lower frequency of delivery is made possible by new communications' technology and will have a positive impact on the environment, traffic congestion and on the cost-effectiveness of the Post Office.