Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 10, 2018 14:47:22 GMT
"Labour's proposal to bring services such as water, energy and rail into public ownership would be "cost free," John McDonnell has said. The shadow chancellor says he wants to put public services "irreversibly in the hands of workers" so they can "never again be taken away". Earlier, Mr McDonnell told BBC Radio 4's Today programme taking services into public ownership would not ultimately increase the burden on taxpayers because government bonds could be swapped for shares in a revenue-producing company. It would be cost free. You borrow to buy an asset and when that asset is producing profits like the water industry does, that will cover your borrowing cost," he said. " More nonsense from the dream factory of Chairman Jeremy's little red book, and Momentum for the conditioned to swallow and blindly repeat www.bbc.co.uk/news/uk-politics-43014861Thankfully there are those to set the record straight "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." |
|
|
|
Post by aubrey on Feb 10, 2018 15:27:01 GMT
"Labour's proposal to bring services such as water, energy and rail into public ownership would be "cost free," John McDonnell has said. The shadow chancellor says he wants to put public services "irreversibly in the hands of workers" so they can "never again be taken away". Earlier, Mr McDonnell told BBC Radio 4's Today programme taking services into public ownership would not ultimately increase the burden on taxpayers because government bonds could be swapped for shares in a revenue-producing company. It would be cost free. You borrow to buy an asset and when that asset is producing profits like the water industry does, that will cover your borrowing cost," he said. " More nonsense from the dream factory of Chairman Jeremy's little red book, and Momentum for the conditioned to swallow and blindly repeat www.bbc.co.uk/news/uk-politics-43014861Thankfully there are those to set the record straight "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." No contradiction there: "Up front." The real cost was selling these assets off at knock-down prices. I wonder who benefited there? |
|
|
|
Post by aubrey on Feb 11, 2018 10:04:42 GMT
Since 2010 private ownership of water has cost £13.5 billion in dividends to shareholders; and that's on top of all the price rises and tax dodging.
|
|
|
|
Post by starlilolill on Feb 11, 2018 12:35:13 GMT
Selling off public assets to big business where 'profits' benefit the rich and only the rich has to be seen as failing the general public.
If bills for utilities continue to rise, as they have done, then the question has to be who has benefited from this.
It has to come to an end and see the public pay fair prices for these utilities and end this 'profit' to the shareholders is everything attitude.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 11, 2018 14:21:25 GMT
I saw this yesterday and thought that I couldn't have put it better myself
"Syndicalism is creeping into Labour politics by the back-door. I noticed the relatively subtle shift from nationalisation to colllectivisation.
The work-forces will be manipulated by the kind of trots who have nothing better to do than pack meetings and push their own cause."
|
|
|
|
Post by aubrey on Feb 11, 2018 17:53:29 GMT
You have nothing to say about the billions lost through privatisation, then?
|
|
