Labour warning: How Corbyn's nationalisation plot could wipe BILLIONS off UK industries

JEREMY CORBYN’S ‘disruptive’ plan to renationalise Britain’s vital industries has been savaged by experts, who warn it could wipe out hundreds of billions of pounds invested over the past three decades.

Critics have rounded on plans from the Labour Party and Jeremy Corbyn to bring rail companies, energy supply networks, water systems and mail delivery under public ownership. In June the nationalisation plan, set out in a report by Shadow Energy Secretary Rebecca Long-Bailey, came in the wake of the party’s £100billion scheme to take possession of the National Grid. Labour wants to take control of the Big Six energy firms - British Gas, SSE, E.ON, EDF Energy, Npower and Scottish...
source: Express

2019-09-11 00:35
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