John McDonnell: Labour public ownership plan will cost nothing | BBC

by Faiz Ahmed last modified 2018-02-13T13:57:35-04:00
"Mr McDonnell told BBC Radio 4's Today programme taking services into public ownership would not ultimately increase the burden on taxpayers because government bonds could be swapped for shares in a revenue-producing company. ... But Mr McDonnell said utilities could be managed more efficiently under public ownership, because they would no longer have to fund dividends for shareholders."
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