The cost of nationalisation

New research published by the Centre for Policy Studies estimates that the cost of Labour’s renationalisation plans would be at least £176billion. This would represent around 10 per cent of the national debt, or nearly £6,500 for every household. It would be enough to pay for central government’s contribution to the cost of 2.9 million new homes in social housing. Labour’s 2017 manifesto, and its subsequent policy announcements, have committed the party to the renationalisation of some or all of the energy, water, rail and mail sectors, as well as an unknown number of PFI deals. Analysis by the CPS estimates the costs of these renationalisations as: over £55.4bn for energy, £86.25bn for the water sector, £4.5bn for Royal Mail, and £30bn for PFI nationalisation (although this estimate is particularly uncertain).

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