One though that springs to mind - once procurement has been privatised who arranges the next contract for the same service? It would seem from the current rules that the incumbent contractor is either compromised already or would have to be excluded from bidding again. Nobody else would surely accept that the incumbent could run an unbiased competition.
the result would surely be complete stagnation whilst the issues are sorted out or a complete change of contractor with the same stagnation over the handover and learning period.