Osborne has billions in war chest to cut national debt - papers

Proceeds from asset sales and privatisations have not been included in the Coalition's austerity measures, but may amount to several billion pounds. High Speed 1, the rail link between London and the Channel Tunnel, has already been sold for £2.1bn, while the Government's interests in NATS, the air traffic control service, and The Tote could raise as much as £700m, the Telegraph reports. "There may opportunities to reduce the national debt from large asset disposals or privatisations, but I'm not wholly rigid about that," Osborne says Read more here Allied Irish Bank to pay €40m...