Saturday 10 February 2018

Read All About It


BBC News
Saturday 10 February 2018 
Headline:

John McDonnell: Labour public ownership plan will cost nothing

From text:

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.

Mr McDonnell said utilities could be managed more efficiently under public ownership, because they would no longer have to fund dividends for shareholders.

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1 comment:

  1. "Mr McDonnell said utilities could be managed more efficiently"

    After almost an entire working life spent in the public sector I think Mr McDonnell is too optimistic. People selling something usually are.

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