Don’t think so, not at all

Jeremy Corbyn’s plans for widespread renationalisationunder a Labour government would cost every household £6,500, according to a new report.

An analysis by the Centre for Policy Studies found that proposals to bring the railways, postal service, energy and water industries under public ownership would lead to “upfront costs” of at least £176 billion.

Now add the ongoing costs of more expensive and worse services……

12 thoughts on “Don’t think so, not at all”

  1. Add a trillion or two for the banks, then watch the values based on anticipated future profits disappear. Can’t be done unless you’re mad or believe you can just magic up endless money with no harm done. Of course there are more than a few of both around.

  2. In the article, the picture has the accompanying tag “Jeremy Corbyn and The Shadow Secretary of State for International Development Kate Osamor”.

    Are they absolutely sure that isn’t Ainsley Harriot in a wig?!?

  3. Timmy’s correct. You need to look at the ongoing costs too.

    Which is something the Soviets never understood – they understood the construction cost of a big capital project, but never really understood that there were then subsequent running and ongoing maintenance costs. Possibly cos their leaders were largely academics and street thugs with no experience or understanding of such things.

  4. Bloke in North Dorset

    If it was another company buying them the assets and future revenues would also go in to the accounts so the debt wouldn’t be as much and could even be a positive. This doesn’t happen with our national accounts but it does with other countries.

    Not that I’m advocating nationalisation.

  5. “would cost every household £6,500”

    Nah. Most households wouldn’t pay a penny.

    Labour would claim that higher taxes on the rich would pay for it all, or borrowing.

    The true cost wouldn’t be seen for a few years and that cost would be a bankrupt country and collapsed economy.

    Too late then.

    And the Conservatives would be back in power to sort out the mess. But do we actually have any Tories worthy of the name?

    I despair of this country.

  6. Andrew’s not wrong about the Tories. Wouldn’t be the slightest surprised if they’ve identical plans pencilled in for their next manifesto.

  7. Corbog will bring in 5 million of his beardie mates . And votes for 16 year olds. To ensure he can’t be voted out. Assuming he–or more likely McNasty (who will quickly replace Grandpa Death)– decide to keep the democratic caper up for form’s sake.

    Don’t kid yourselves–these scum aren’t just another run of New Labour.

    They are the “At Last the 1917 Show”. And it won’t be a comedy regardless of being an evil farce.

    Which is why BluLabour deserve mass punishment for being so fucking useless as to allow Corbog anywhere near power. Decent leadership would see him–and perhaps ZaNu itself–off for good.

    But now, when wise leadership is more needed than at any time since WW2, BluLabour has none to give. Their pathetic “leader”, their in-fighting and the treason in the hearts of their MP trash are more important to them than the fate of this nation.

  8. “Most households wouldn’t pay a penny.”

    I don’t think so. They might not pay directly via higher taxes to fund it, or even to pay the interest on the borrowed money. But they certainly would pay extra for everything that had just risen in price because the pound had dropped 30-40% (or more).

    The people pay, one way or another.

  9. @ Jim

    And the fact that the productivity of the nationalised industries would drop 30-40% once the Trades Unions got their claws into them.

    Our tranny comrade has been told not to use the ‘wrong’ toilet – get everyone out on strike in protest.

  10. Bloke in north dorset – assets are a cost.
    You buy a company with 800 carriages – you spend money to buy the carriages, the carriages help the business make money but they themselves are a cost of business.
    You can sell them, usually at a discount, to people who want carriages.

    Future revenues would go to the government but they have to pay for the ongoing costs – which may well be higher than the revenues in any one year.
    Look at for example Stagecoach – high revenue, high cost. The profit is such that government could keep services as they are and quite likely make a profit – but there would be pressure to do things for reason other than profit, such as run bus services where none is currently or late night buses in addition to daytime buses. So could end up costing the taxpayer on an ongoing basis.
    While at the same time the public would be wanting the fare price reduced. Knock about 12p off the ticket price, company no longer makes a profit.

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