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.
And:
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"Mr McDonnell said utilities could be managed more efficiently"
ReplyDeleteAfter almost an entire working life spent in the public sector I think Mr McDonnell is too optimistic. People selling something usually are.