Sunday, 11 February 2018

Backing Labour's Re-Nationalisation Plans

As we stand, Britain is heading towards a big dollop of Socialism in the very near future with Jeremy Corbyn and his brand of Labour Party poised to pick up the pieces the Conservative Party leave behind.
First on the Labour Parties agenda is thankfully the end of the disaster that was privatisation and a fresh round of re-nationalisation starting with water, energy and rail.
The privatisation programme become part of the British political landscape over the last 40 years and has been a disaster, nobody can argue that the promised efficiency, investment, lowered costs or saved jobs ever arrived, rather there was large scale redundancies, sky-rocketing prices and the previous British companies in the hands of a small group of international investors who pay themselves billions in dividends.
With water being first in the re-nationalisation firing line, the National Audit Office have said that water bills had risen 40% since privatisation in 1989 and water companies paid out a total £1.6bn to their shareholders in 2017, money that under Labour would go back into the pot for everyone and there is the rub.
The privatisation experiment has failed spectacularly because it is impossible for the private sector to deliver the same service for less than a service run by the Government and still make a profit and making a profit is the bottom line for businesses and that profit goes into personal bank accounts when it could be going into the Governments bank account for the benefit of all of us.

4 comments:

Keep Life Simple said...

damn straight, everybody should work for the government. oh, didn't yawl do that for centuries... i for one hope yawl go 100% nationalization, just one less competitor to worry about.

hopefully yawl will be as successful as say, Cuba, or Venezuela. :-)

Falling on a bruise said...

Nationalise the important things, leave the 'choice' things to private companies but bring the essentials back into Government hands. It hasn't worked, the experiment failed, so the Government should give it up and give us all a break but they won't because they have their fingers in those particular pies.

Keep Life Simple said...

Maybe you should run for Queen or whoever has the power in the UK

Falling on a bruise said...

Prime minister, queen is an unelected drain on the nation.