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    1. Altruistic-Bat-9070 on

      The cost of doing this is huge though, so this will be interesting if they are going to borrow like mental whilst bond markets etc already arent our friend 

    2. Economy_Seat_7250 on

      They all say shit like this until they get in, then the crippling reality of the public finances forces them to into inertia.

    3. There’s currently £40-50bn a year of mostly private money going to the energy transition, if that’s going to be public money instead then how are we going to pay for it? To say nothing of all the existing assets, either in water or energy.

      He says “under public control”, not public ownership, so I guess that explains it. But energy already has a price cap, the renewable plants are already operating under CfD contracts set by government. Energy is almost completely controlled by the regulatory bodies, water less so.

      I guess this boils down to increasing the power of Ofwat and Ofgem.

    4. LauraPhilps7654 on

      The biggest thing he said for me was a council house building programme on a scale not seen since WWII. One of the biggest failures of New Labour was its total disregard for council housing:

      >The official data shows that the Blair and Brown governments built 7,870 council houses (local authority tenure) over the course of 13 years. (If we don’t include 2010 – the year when David Cameron became PM – this number drops to 6,510.) Mr Copley has contrasted this figure with the record of Mrs Thatcher’s government, which never built fewer than 17,710 homes in a year.

      https://fullfact.org/economy/who-built-more-council-houses-margaret-thatcher-or-new-labour/

      We’re still living with that failure today.

    5. Nationalisation of water shouldn’t even be a debate now. If you’re unsure why it’s so important watch Dirty Business on Channel 4.

    6. Double_Jab_Jabroni on

      Here come the bots to shoot it down. We currently live in a privatised system, is this the only option?!

    7. Phallic_Entity on

      Reminder that the average profit margin of electricity distributors is 2%. You spend as much subsidising the bills of people on benefits as you do on profit for the energy distributors.

    8. AncientStaff6602 on

      If I’m being honest, energy production/supply, water, transportation should never been in private ownership.

      I would go even further and say health and education shouldn’t either.

    9. Common-Ad6470 on

      He’s not wrong, they should never have been sold off for a quick buck in the first place.

    10. BroodLord1962 on

      Water should have been the first thing to put under government control, not the trains

    11. The UK energy industry is worth about £264bln, or roughly 10% of the national debt or £10,000 of additional spending per household.

      It’s pie in the sky stuff.

      https://www.energy-uk.org.uk/insights/uk-energy/

      >“deindustrialisation and privatisation” of Britain had left areas like Makerfield “without good jobs and people unable to afford the basics.”

      I look forward to Burnhams explanation of how privatisation and nationalism will create jobs (increasing costs), but also result in more affordable public services (reducing revenue).

    12. Iamoggierock on

      Pension investments. They can’t go bust and the private companies knew that so the level of infrastructure demise would burden the public purse massively.

    13. Majestic-Document-16 on

      Hamburg hat die Wasserversorgung vor 3Jahren rekommunalisiert, jetzt zahlen die Verbraucher um die 60% der vorherigen Rechnungen, irgendwie logisch

    14. Shot_Heron_2782 on

      My Electricity bill states that 100% of my electricity provided to my home comes from Non Fossil Fuel.

      75% Wind/Solar

      25% Nuclear

      Yet my price per KWH is set by the Global Market rate of Gas! Because here in the UK, whatever fuel/means is used to produce the back up final power for the grid, is then set as the standard price per KWH, and as its always Gas that does that, im charged per KWH by the price of gas, even tho I dont use Gas and Gas doesn’t produce power that supplies my home!

      Its a Scam!

      Cutting this regulation would boost UK Economy by a massive amount!

      Big Oil Holds Us Hostage!

      Why?

      Because of corrupt politics and bent lobbyists!

      Tesla was correct!

      They bumped Tesla off!

      Free Power to the People!

    15. I know private water companies are rubbish at spending on repairs and infrastructure. But governments only think 5 years ahead until the next election, so governments would also delay paying for expensive repairs when they can leave it for a future government to sort out.

    16. With what money?

      gotta get the public finances in check before you can do fun things.

    17. Is the ability to compete inherently present? For water, trains and energy (electricity and gas) it is not as pipeline availability restricts possible competition as well as wholesale and retail customers allowed to be the same company doesn’t help.

    18. It doesn’t need to be privatised. Just regulated so it’s a controlled market. Competition is good – see octopus energy for example.

    19. Deep_Banana_6521 on

      „under public control“ doesn’t mean nationalisation btw. It’s just a word salad to mean the council have more control over routes and prices. Which is a good thing, but it’s not publicly owned.

    20. No. Not without a plan. We’ve seen some train lines nationalise and it means fuck all. Sams insane costs and same issues. It’s an infrastructure issue. Unless you’re willing to nationalise a service with a view to spend x amount. It’s pointless. Let some other business try to throw money into it while a proper plan is formalised.

    21. Is this the guy who set up the leaseback deals for the schools and NHS when Blair was in charge

    22. Look forward to see how he makes up the tens of billions of pounds to do that.

    23. Guppywetpants on

      Would be surprised if the current government didn’t eventually end up doing this, having already nationalised rail & steal. I wouldn’t expect them to announce and do all their planned nationalisations at once, but rather would slowly drip feed them over the course of a term or two. Thatcher & Major spent the better part of two decades slowly privatising everything, bit by bit

    24. armchairdetective on

      Fuck off, Andy. You’re tanking the pound!

      Important to post these articles but it is infuriating to read them.

    25. If we can’t keep the party united and stop the infighting, it’s hard to see any initiative moving beyond promises and talking points.

    26. big_troublemaker on

      I work with infrastructural networks in Europe and have lived in the UK. The state of water in particular but also other (grid, gas, fibre ) networks in the UK is ABYSMAL. underdeveloped, in disrepair, just sad. When you look at state own model elsewhere in Europe it really is a no brainer. This sort of essential infrastructure cannot be driven by „free market“ – it’ll always end up with monopolies of businesses making money at society’s expense.

    27. How about nationalising the GPO. Bring back rotary telephones, clicky noises, cross talk, local phone calls.

      The good old days.

    28. wrapped_in_clingfilm on

      He has to have the balls to ignore the bad media and economic repercussions in the short term. This is a high stakes long term payoff gamble.

    29. Still-Status7299 on

      Costed plan please. It’s easy to spout idealistic things when you’re not in charge

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