On Education

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Shadow chancellor John Mcdonnell , said the Labour nationalisation plans in a cost-neutral would be

Labour's nationalisation plans would cost a minimum of £196bn, according to the Confederation of British Industry.

The employers ' group said the up-front costs, the control of water-and energy suppliers, railway companies and the Royal Mail was equivalent to all the Income Tax paid by UK citizens in one year.

It was said the sum of £141bn Health budget, and the £61bn Spent on training, analysis of the CBI.

A Labour Party spokesman said it was doing "incoherent panic" by the CBI.

John Mcdonnell , The Shadow Chancellor, has said That the nationalisation would be cost-neutral, it has to Finance the company's profits would be required, the cost of borrowing,.

In addition, The Party has said That the railway nationalisation, for example, would be very popular with the travellers, tired of bad services. And National power to bring the network back under government control a part of the plans would help to usher in labour's proposed Green Industrial Revolution .

Labour's shadow transport Secretary, Andy Mcdonald , said the CBI had "chosen to fabricate false information about the work of the railway policy" by suggesting That The Party is in favour of the purchase of rolling stock instead of leasing it.

He added: "The CBI's shoddy research and shoddy behaviour is a great disservice to our political debate, in the extremely difficult times through which we are now living. "

But a CBI spokeswoman said the organisation was in the analysis, adds: "The costs for the procurement of rolling stock for a fraction of the £196bn and was as That is what the renationalisation of the rail industry would include full-scale probably.

"If a Labour government decided not to for the purchase of rolling material, you would also have the cost of the lease. "

In correspondence seen by the BBC, the CBI refused to accept the breakdown of his £196bn Figure .

the trust of the investors 'harder to hit'

The CBI report estimated, it could be a 10. 7% increase in liabilities from the contribution of industries back into public ownership.

This would have been an increase in the debt of 94% of GDP, the highest level since the 1960s at a cost of some £2 billion per year, according to the study.

He also said That under Labour the plans of savers and pensioners an estimated £9bn loss of their farms, the in £327 for every household in the country. could suffer

to pay The CBI has based its analysis on the nationalization:

The Report said The confidence of international investors in the UK would be hit "hard" if Labour refused, for the full market value for the industry.

Labour has said That the nationalization of the energy infrastructure would help create a green revolution

Although the analysis said That the state-owned assets would rise in value and the potential revenues generated, the study mainly focused on the costs rather than the estimates of potential benefits.

Rain Newton-Smith, the CBI's chief economist, called The Price "eye-watering". And you said That £196bn was only the Starting Point .

"It does not take into account the maintenance and development of the infrastructure, the trickle-down hit on pension pots and savings accounts, or the impact on the country's public finances.

economy

"There are so many other real priorities for public spending now, from the investment in our Young People for the transition to a low-carbon economy" and connect our cities and municipalities.

"are These problems, what is to keep companies up at night and what you want to see the government addressing. The nationalization would be a waste of time, energy, and public money. "

last week, The Institute for Fiscal Studies suggested That the focus on costs in advance of work was plans the wrong approach. "Economically, what counts is whether these assets would be better managed, by you said to The Public or the Private Sector ," She Said .

national grid, uk economy, royal mail, labour party, cbi

Source of news: bbc.com