CBI head: Labour's nationalisation plans as damaging as 'no deal' Brexit

CBI head: Labour's nationalisation plans as damaging as 'no deal' Brexit
 

The head of Britain’s biggest business lobby group has attacked Labour’s nationalisation plans as potentially just as damaging to the economy as Britain leaving the European Union without a deal.
In a speech on Monday, Paul Drechsler, the CBI president, said renationalising large parts of the economy would cause serious harm to the UK’s reputation as a place for international investors, which he argued would be as bad as a hard Brexit and would damage job prospects and living standards.
“So you want to nationalise energy, rail and water, and bring public services contracts back in house?... read more

 
12 March 2018 in Business, Views: 42
Source: Guardian
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