Good Morning Late Wednesday Birds.
ChatterBank3 mins ago
Fao Of Our Labour Supporters
79 Answers
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You seem to have missed this question. Helpfully I have provided a link. Can you tell us how Labour is going to re nationalise everything for free. Thanks.
You seem to have missed this question. Helpfully I have provided a link. Can you tell us how Labour is going to re nationalise everything for free. Thanks.
Answers
British Leyland like the other "local" car manufacturer
19:00 Sun 11th Feb 2018
I'm not wasting time and typing on the other thread - there seems to be some very nasty name-calling going on there and I suspect the whole shooting match may not be much longer for this world.
So ...
I'm not saying I agree with this ... or indeed that it's Labour Policy (because it isn't) ... but there is no need to actually confiscate anything.
Just win the election, announce that you are considering confiscation and then watch the share prices collapse - then step in with a munificent offer to take away the (now debt-ridden and useless) businesses if the owners pay you a decent amount to do so.
This would of course be challenged in the European Courts ... but ... we're not in their jurisdiction any more.
Job Done.
So ...
I'm not saying I agree with this ... or indeed that it's Labour Policy (because it isn't) ... but there is no need to actually confiscate anything.
Just win the election, announce that you are considering confiscation and then watch the share prices collapse - then step in with a munificent offer to take away the (now debt-ridden and useless) businesses if the owners pay you a decent amount to do so.
This would of course be challenged in the European Courts ... but ... we're not in their jurisdiction any more.
Job Done.
The big problem labour may have is that some of the utilities are owned by foreign nationals not jut UK plebs.
I doubt it will ever happen either, but one think is for sure come the next election they had better have their sums all adding up (no Abbot Mathematics) or they will get caned in every debate.
I doubt it will ever happen either, but one think is for sure come the next election they had better have their sums all adding up (no Abbot Mathematics) or they will get caned in every debate.
Privatisation was done by injecting huge amounts of money to write off the debts of the utilities to be flogged off.
They were then vastly undervalued and sold for a fraction of their worth, further robbing the tax payer who owned them.
The promise was that privatisation would bring competition which would result in cheaper bills. But that was all a con, and bills are 40% higer than before privatisation. In short, it has been a huge expensive failure.
The Government can borrow money cheaply. And the utility companies make vast profits. So the £2billion that the water industry pays its shareholders annually, would more than cover the cost of buying the industry and renationalising it.
They were then vastly undervalued and sold for a fraction of their worth, further robbing the tax payer who owned them.
The promise was that privatisation would bring competition which would result in cheaper bills. But that was all a con, and bills are 40% higer than before privatisation. In short, it has been a huge expensive failure.
The Government can borrow money cheaply. And the utility companies make vast profits. So the £2billion that the water industry pays its shareholders annually, would more than cover the cost of buying the industry and renationalising it.
TTT...I am glad that you support bringing the Railways and water supply industries back into public ownership.
If I want to travel by train to Paddington, I have no more choice of which railway company to use now, that I did when the route was occupied by British Rail.
Ditto for my water supply. Same pipes, same reservoirs.
So.... what was the point of nationalization in the first place, apart from the failed political dogma of the Tory Party ?
If I want to travel by train to Paddington, I have no more choice of which railway company to use now, that I did when the route was occupied by British Rail.
Ditto for my water supply. Same pipes, same reservoirs.
So.... what was the point of nationalization in the first place, apart from the failed political dogma of the Tory Party ?
Something needs to be done about the privatised utilities: it was indeed a huge con, despite the benefits.
The idea that one should continually "shop around" to get the best deal on ones electricity for example is demeaning, as well as impractical. It isn't as if the product being sold by the different companies is any different whether you get it from British Gas, SSE or whoever.
"Come to Eon, where the gas is always greener" (!)
The idea that one should continually "shop around" to get the best deal on ones electricity for example is demeaning, as well as impractical. It isn't as if the product being sold by the different companies is any different whether you get it from British Gas, SSE or whoever.
"Come to Eon, where the gas is always greener" (!)
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