The company will once again be, well, #British after it was renationalised to “protect the future of steel production in the #UK” - and that could be just t
To stop billionaires buying housing stock so people can afford to buy. Councils sold off housing stock and land and now they are broke. Murdoch and his puppets encouraged this fraud.
Nationalise our water, our energy and resources, transportation and our steel industry. Take it out of the claws of the parasite cabal of billionaires and back into the hands of the people.
British Steel was nationalised in
1949 (LIEbour); denationalised 1951 (Con); renationalised 1967 (LIEbour) and privatised 1988. The steel was costing taxpayers £bns in subsidies (much like all in Houses of Parliament and public sectors nowadays), with outdated equipment and unable to be competitive as the governments interfered with the management of the company. As it drained taxpayers money on subsidies then, won't it do the same now?🤔
Many of our utilities are run by foreign state-owned companies. The profits go abroad. There is no justification for having a utility which can have no competitor - such as water - being privatised. The managers are paid salaries which are completely out of proportion to what they do and the owners load the companies with debt. Investment falls. It was a grossly stupid idea. In areas where there can be true competition, such as telecoms, the idea works. But it’s impossible to have competing water supplies, drainage, gas and electric. The infrastructure costs and practicalities make it impossible.
Water companies should pay ZERO dividends. Either invest in infrastructure or give the shares back to the people. Also we already foot the bill, our bills already go directly to fixing their mess, with cheeky slice going straight to dividens.
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1949 (LIEbour); denationalised 1951 (Con); renationalised 1967 (LIEbour) and privatised 1988. The steel was costing taxpayers £bns in subsidies (much like all in Houses of Parliament and public sectors nowadays), with outdated equipment and unable to be competitive as the governments interfered with the management of the company. As it drained taxpayers money on subsidies then, won't it do the same now?🤔