Britain's opposition Labour Party wants to nationalize energy and water inf...
LONDON - Britain’s opposition Labour Party wants to nationalize energy and water infrastructure if it can oust Prime Minister Theresa May’s ruling Conservatives from power, reversing decades of pro-privatization public policy.
Analysts have valued the regulated asset values of water and energy networks potentially facing nationalization at around 125 billion pounds . But, despite also suffering electoral damage over its Brexit policy, a Labour government is now considered a real possibility.WHAT IS IN LABOUR’S SIGHTS? It has also set out plans for the water industry which is controlled by regional companies, some of which are publicly listed.
It cites court rulings relating to the nationalization of Northern Rock bank in 2008 to support this statement.Labour has not set out details of the process parliament would use to set the price of the bonds-for-equity exchange.
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