Eurostar rail stake touted for sale by UK government

The UK government is seeking buyers for its 40% stake in the cross-Channel train operator Eurostar to help boost the public finances.

The intention to sell was set out last year in the government's Autumn Statement and National Infrastructure Plan.

Under the plan the government hopes to raise about £20bn from corporate and financial asset sales by 2020.

Labour and the unions have warned of a "rushed and under valued" sell off citing the "botched" Royal Mail sell-off.

The BBC's transport correspondent Richard Westcott reports.

BBC News