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Fao Of Our Labour Supporters
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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
If they don’t have the money to pay for it they can’t do it. If they try, apart from incurring the rightful wrath of the common or garden shareholders, with all the big foreign investors that have an interest in the companies they want to pilfer, they’ll be up to their necks in lawsuits – and they can’t afford those either. In short, they’re potty – but the logical among us know that.
TTT,
I did not forget Red Robbo and the strikes, but they were a product of Michael Edwards’ inept management at British Leyland. When the thing was hived off to manufacturers who knew what they were doing, the workforce miraclulously became the best in Europe, virtually overnight. British Leyland did not fail because of Red Robbo, it failed because the company made terrible products (which had zilch to do with the Unions).
I did not forget Red Robbo and the strikes, but they were a product of Michael Edwards’ inept management at British Leyland. When the thing was hived off to manufacturers who knew what they were doing, the workforce miraclulously became the best in Europe, virtually overnight. British Leyland did not fail because of Red Robbo, it failed because the company made terrible products (which had zilch to do with the Unions).
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\\A report earlier this week by the Social Market Foundation, commissioned by a group of water companies, estimated that the up-front costs of renationalisation would be £90bn.//
yup 90 billion, and thats just for the water, the railways and all the other utilities will cost hundreds of billions.
\\A report earlier this week by the Social Market Foundation, commissioned by a group of water companies, estimated that the up-front costs of renationalisation would be £90bn.//
yup 90 billion, and thats just for the water, the railways and all the other utilities will cost hundreds of billions.
British Leyland like the other "local" car manufacturers knew it was pointless spending money on development whilst the fanatical Marxists trade unions were calling the shots. Hence the rise for BMW, Mercedes, Citroen, Honda, etc. etc. No TU interference in their businesses allowed them to invest and thrive. Like all TU "organisations they started with a small house and a big membership. The "officials" of course finished up with a big house and a small membership. The members finished up with no job.
Naomi,
Nationalising is a relatively simple process and no lawsuits would ensue.
Privatisation has failed on every measure. As most of our water is French owned, Our Electricity is German and Railway is Italian owned, any fallout from taking them back into public ownership would have no domestic political consequences. In fact, perhaps the opposite. The anti European feeling in the country would probably rejoice at getting these assets back from the European Foreigners.
Nationalising is a relatively simple process and no lawsuits would ensue.
Privatisation has failed on every measure. As most of our water is French owned, Our Electricity is German and Railway is Italian owned, any fallout from taking them back into public ownership would have no domestic political consequences. In fact, perhaps the opposite. The anti European feeling in the country would probably rejoice at getting these assets back from the European Foreigners.
Naomi,
Costing nothing and there being no money are two completely different things.
The Government would borrow money to nationalise a utility. And repayments on the borrowing would come from the profits of the utility going to the Government instead of shareholders. So it costs nothing but investors are compensated for the loss of their asset.
Costing nothing and there being no money are two completely different things.
The Government would borrow money to nationalise a utility. And repayments on the borrowing would come from the profits of the utility going to the Government instead of shareholders. So it costs nothing but investors are compensated for the loss of their asset.
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