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Labour Nationalisation - Cost? Watch

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    In the "fully costed" Labour manifesto it mentions nationalisation a few times across varying industries.

    However it fails to mention anything to do with cost or where to initial capital will come from.

    So the simple question is how much will it cost and where will the money come from?
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    (Original post by Meany Pie)
    In the "fully costed" Labour manifesto it mentions nationalisation a few times across varying industries.

    However it fails to mention anything to do with cost or where to initial capital will come from.

    So the simple question is how much will it cost and where will the money come from?
    The railways will gradually accrue a cost out to 2035 as they take over ending franchises.

    From what Barry Gardener described with the National Grid they plan to potentially breach contract law to restructure the market and destroy the firms value so that it will only cost them a couple of billion.
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    (Original post by Rakas21)
    The railways will gradually accrue a cost out to 2035 as they take over ending franchises.

    From what Barry Gardener described with the National Grid they plan to potentially breach contract law to restructure the market and destroy the firms value so that it will only cost them a couple of billion.
    But presumably they still have to buy the rolling stock off the train companies.

    That sounds really dodgy, like despot dodgy.
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    (Original post by Meany Pie)
    But presumably they still have to buy the rolling stock off the train companies.

    That sounds really dodgy, like despot dodgy.
    Assets transfer with the franchises.

    It may be legal through an act of parliament but the NG will almost certainly take them to court from the method described and eventual aim.
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    (Original post by Rakas21)
    Assets transfer with the franchises.

    It may be legal through an act of parliament but the NG will almost certainly take them to court from the method described and eventual aim.
    So in short it will cost a **** lot and they haven't budgeted for it?
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    (Original post by Meany Pie)
    So in short it will cost a **** lot and they haven't budgeted for it?
    They have, it all comes to whatever it may cost. It's all pie in the sky, of course, and the only interesting question is this: is this manifesto something they believe they could possibly have to implement or one of no hope whatsoever, in which case you may as well just be populist about it? In all honesty, reason tells me it must be the latter but knowing them... not too sure.

    One thing is for sure, they convince a lot of people whether they mean it or not. I don't believe they could implement their manifesto, they'd run out of money in no time and saddle the country with an even bigger pile of debt (with Con having to come in and apply some bitter medicine after 5 years, younger voters may not know it but that was always the pattern since Labour started governing. Blair was the only Labour leader who managed to have them re-elected).

    They suffer from this highly relevant and inescapable law of life: the law of the unintended consequences. It's not as much about what they want but what we end up with.
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    (Original post by Meany Pie)
    But presumably they still have to buy the rolling stock off the train companies.

    That sounds really dodgy, like despot dodgy.
    I believe in most cases the train operators do not own the rolling stock they use, they lease its use from Rolling Stock Companies.

    I presume they intend to take over the franchises as they expire and themselves lease the stock or maybe lease initially and then start buying as it needs replaced through age.

    However no expert re trains, following link appears to explain:

    http://www.rail.co.uk/rail-news/2015...itains-trains/
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    Don't you worry your little cotton socks off. They know what they're doing.

    #VoteLabour #GangGangGang
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    Labour party majority is not going to happen so why bother calculating the figure?
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    The Imaginary money will come from an imaginary source. Im presuming Diane Abbott tarnished it as "fully costed"

    What people done get is that do you really think companies will want the nationalisation of their company.Short answer no.And when the companies refuse to sell it will leave Labour with only one option.....a hostile takeover.In this case they will have to pay millions and millions of pounds more than what the business is worth.I take it that will be paid for with more of that money from the Imaginary source.
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    Most of it will come from reversing corporation tax cuts...about £19 bill
    then an income tax increase for top 5%...about £7 bill
    among other things like tax on offshore propery and robin hood tax and inheritance tax.
 
 
 
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