The Labour Party has proposed a renationalisation of large parts of the industrial base of the UK, including its water supply, railways, postal system and energy networks. Though business understands the need for improvement to the current system, renationalisation is a radical remedy.
Renationalisation would do direct and profound harm to not only to the targeted businesses and sectors, but to our wider economy; to the services on which consumers and businesses rely; and to our country’s finances. It could send investors running for the hills, and damage the UK's standing in the world.
Since privatisation, our energy sector has reduced the number of power cuts and carbon emissions by half. Private water companies have invested twice as much money into the system as the government did. And twice as many people use our railways now as they did under British Rail; the crowding we experience now is because the privatised rail