The only question is - why the hell this wasn't done before, and why the proceeds could not have been used to ensure a stronger manufacturing base and a stop to privatisation.
New Labour have squandered their opportunities. This is the right move, but done for the wrong reasons.
If only there was a reasonable social democratic alternative. I think the Tories would be worse, and Nick Clegg is a Tory, through and through. No alternatives there.