Saturday 10 February 2018

Read All About It

BBC News
Saturday 10 February 2018 

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.


You might also be interested in:

"I want to break the stigma of painful sex"

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.