National Grid has said plans by Labour to renationalise UK energy networks would damage investment and delay progress towards greener energy.
According to the Financial Times, a paper to be set out later this week will explain how a Jeremy Corbyn government would nationalise the networks - cables and pipelines that deliver gas and electricity - soon after winning an election.
😶Last time I heard about this, there were no plan in the works to make it happen, unless they were ready to pay millions (if not billions).
Totally misleading. Private investment cannot compare to govt investment. Private investment relies on profit, govt investment doesn’t.
No it wouldn’t
I wonder who runs the national grid? Multimillionaire tax avoider Tory donation member lol
That’s nonsense it translates to their “clients” having to be bought out and dumping current profits this has nothing with green energy whatesoever.
I would have thought that the money they'd save in not paying shareholders would enable green energy progress to sped up. So I guess it's the not fit for purposes overpaid fat cats that don't realise that. newseniormanagementisneeded
Sky News working for corporate America
Of course it would. But hey, nationalisation at below market value is seemingly the silver bullet.
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