No more public service buy-outs in Stockholm
Stockholm city will not allow staff to buy out any more public services. The centre-right Alliance parties that run Stockholm say that they have let services such as schools and elderly care go to cheaply. "I can say now that this model doesn't work. We will not be doing any more sell-offs in Stockholm," says mayor Sten Nordin, of the Moderate Party.
The centre-right alliance stood on a platform of sell-offs in the 2006 election. But the Supreme Administrative Court has judged that Stockholm sold its operations too cheaply. Staff who formed a company and took over services were able to make millions in profit soon after the buy-out.
"We have other tool to increase consumer choice, and so it is my conclusion that we will not continue," says Sten Nordin.