Mcdonnell has a plan. gas utility austin

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http://www.bbc.co.uk/news/uk-politics-43014861 Some nationalisation will genuinely have no immediate cost, all rail services are on a timed contract, although it is becoming clear that private companies are more than happy to walk away if the contract doesn’t suit, but in any event as each franchise comes up for a new contract, just keep the franchise, re-employ 99% of staff just dumping the fat cats and shareholders, job done, in the case of utilities, particularly the water companies, scrap the tax breaks they have enjoyed, they will be happy to dump the whole thing.

Tories constantly point to British Rail as the classic example of a nationalised industry was failing, the truth is that Tory governments in particular had woefully and willfully underfunded the railways, then claimed it wasn’t fit for purpose, instead the government pump more money in as subsidy to private companies than British Rail ever saw, when serious investment is needed, surprise, surprise it is again government (taxpayer’s) money that pays the bills, if we are to fund and subsidise these alleged private companies, then we may just as well fund the operation direct and cut out the profit take.

Before I get the standard Tory cry that I and others like me are anti business or anti profit, totally wrong, what I am anti is public money being used as a profit stream for private pockets, if a private company operating on it’s own funding produces a healthy profit, good on them, they earned it, but where the taxpayer is funding the investment, providing a subsidy, whether in tax breaks or direct, that company should not be paying out huge sums to the alleged senior execs or shareholders.

Some nationalisation will genuinely have no immediate cost, all rail services are on a timed contract, although it is becoming clear that private companies are more than happy to walk away if the contract doesn’t suit, but in any event as each franchise comes up for a new contract, just keep the franchise, re-employ 99% of staff just dumping the fat cats and shareholders, job done, in the case of utilities, particularly the water companies, scrap the tax breaks they have enjoyed, they will be happy to dump the whole thing.

Tories constantly point to British Rail as the classic example of a nationalised industry was failing, the truth is that Tory governments in particular had woefully and willfully underfunded the railways, then claimed it wasn’t fit for purpose, instead the government pump more money in as subsidy to private companies than British Rail ever saw, when serious investment is needed, surprise, surprise it is again government (taxpayer’s) money that pays the bills, if we are to fund and subsidise these alleged private companies, then we may just as well fund the operation direct and cut out the profit take.

Before I get the standard Tory cry that I and others like me are anti business or anti profit, totally wrong, what I am anti is public money being used as a profit stream for private pockets, if a private company operating on it’s own funding produces a healthy profit, good on them, they earned it, but where the taxpayer is funding the investment, providing a subsidy, whether in tax breaks or direct, that company should not be paying out huge sums to the alleged senior execs or shareholders. On paper I like the idea of Government owned utilities.

http://www.bbc.co.uk/news/uk-politics-43014861 On the face of it, this sounds like a crackpot notion – but thinking about it – can re-nationalisation of these services create any greater problems than there are under privatisation? The first consideration would be to the rail services. Many of the rail services are owned by overseas companies that are themselves publicly owned. electricity in salt water experiment That means that the profits and our Government subsidies go to other countries. These privatised British services are management top heavy because of it. In addition, each separate privatised company employ individual costly tax and legal bodies as opposed to one main body under nationalisation. gas news By channelling rail services into a natural monopoly has delivered fragmentation,low investment, annual costs of £1.2bn, the most expensive train fares in Europe, and more than double the level of state subsidy than under British Rail. electricity questions grade 9 On the other hand, The East Coast mainline has provided a far better service under public ownership and delivered £800m to the exchequer – similarly the publicly owned Scottish Water.

The general public are amazed by the power that private companies appear to have over the country – it would appear that the disastrous failures and fraud committed by certain companies is allowed to go unchecked and even more amazing is that these companies are given new contracts to boot. i.e. G4S, Atos and Serco – in what is already an £80bn business.

On the face of it, this sounds like a crackpot notion – but thinking about it – can re-nationalisation of these services create any greater problems than there are under privatisation? The first consideration would be to the rail services. Many of the rail services are owned by overseas companies that are themselves publicly owned. electricity deregulation choices and challenges That means that the profits and our Government subsidies go to other countries. These privatised British services are management top heavy because of it. In addition, each separate privatised company employ individual costly tax and legal bodies as opposed to one main body under nationalisation. By channelling rail services into a natural monopoly has delivered fragmentation,low investment, annual costs of £1.2bn, the most expensive train fares in Europe, and more than double the level of state subsidy than under British Rail. victaulic t gasket On the other hand, The East Coast mainline has provided a far better service under public ownership and delivered £800m to the exchequer – similarly the publicly owned Scottish Water.

The general public are amazed by the power that private companies appear to have over the country – it would appear that the disastrous failures and fraud committed by certain companies is allowed to go unchecked and even more amazing is that these companies are given new contracts to boot. i.e. G4S, Atos and Serco – in what is already an £80bn business. Here’s a plus of privatisation – losses and litigation do not come out of the public finances.