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"The control of public investment programmes is essentially a technical matter - improved use of discounting, cost benefit analysis and other appraisal tools would resolve the capital rationing problem" Capital investments are vital for the British government and British society alike. What has become an increasingly important part of any investment decision is to see how worthwhile the project is before it is undertaken. There are many reasons for this, which include the British governments emphasis since 1976 to reduce public investment spending through privatisation. Privatisation has transferred public assets into the private sector. This was done to raise capital to finance immediate expenditure and raise revenue. This has lead to constraints on resources that have remained in the public sector. The privatisation project has lead to disinvestments. It has lead to spending cuts on capital projects. Which has in turn lead to volatility and a high degree of uncertainty. Uncertainty...

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