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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sterling falls as Brexit talks between the UK's two main parties collapseHopes that the U.K.'s two largest political parties can hash out a Brexit agreement have ended.
Read more »
UK energy network firms rattled by Labour state ownership planBritain's opposition Labour Party intends to take energy networks back into...
Read more »
National Grid says state ownership would delay UK's move to green energyA plan by Britain's opposition Labour party to take the country's ener...
Read more »
Britain's Labour wants public vote included in Brexit Withdrawal Agreement Bill: StarmerBritain's opposition Labour Party wants the government's Brexit Withdr...
Read more »
Change UK leader says the party may no longer exist by the next electionHeidi Allen says she may not stand for re-election as a Change UK MP.
Read more »
Labour wants public vote included in Brexit Withdrawal Agreement Bill - StarmerThe Labour Party wants the government's Brexit Withdrawal Agreement Bill to...
Read more »
Britain's Labour will vote against Brexit bill: StarmerBritain's Labour Party will vote against the Withdrawal Agreement Bill if t...
Read more »
Britain's Jeremy Corbyn declares the death of Brexit talks with PM MayBritain's opposition Labour Party leader Jeremy Corbyn broke off Brexit tal...
Read more »
Brexit talks between Labour and the Conservatives have hit a new lowShadow Chancellor John McDonnell said a letter to Theresa May by senior Tories including Boris Johnson had jeopardised cross-party Brexit talks.
Read more »
Labour declares Brexit talks dead as May's premiership crumblesBrexit disarray returns: Labour declares talks dead as May's premiership fades
Read more »