Daniel Mahoney & Tony Lodge: Labour’s nationalisation is a £176bn bill we can’t afford

WE know from Labour’s 2017 manifesto that Jeremy Corbyn and John McDonnell are seeking to implement a mass programme of nationalisation. The energy, water, rail and mail sectors, as well as some PFI deals, will be first on the list of areas that Labour would seek to bring back into government ownership.
British taxpayers should be worrying. Labour has so far refused to cost their plans, and it is easy to see why. Based on commercial values, the upfront costs associated with these pledges are enormous.
As the Centre for Policy Studies (CPS) has calculated in the publication The Costs of... read more

 
26 January 2018 in Yorkshire & Humber, Views: 48
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