Two of Britain's biggest power firms move business abroad to protect against Labour's plans for nationalisation

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TWO of Britain’s biggest power companies have moved their businesses abroad to protect themselves from the threat of nationalisation by a Labour government. Both National Grid and SSE, which …

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This is because all three countries have investment treaties with the UK that ensure investors are paid the market rate in the case of a take over by the state.Credit: PA:Press Associationto force a sale lower than market value and offer shareholders low-returning government bonds instead. It specified that the move won't see it benefit from any tax advantages and is purely to protect shareholders from potentially unfair government prices.

 

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albenito And that why jezzers policy won't work, these would be the first of many to jump ship to protect their business interests. BackBoris

This is why I take issue with Corbyn supporters telling me the rich will pay more. No, they really won’t. Most are savvy enough to know when to get out, leaving the bill with... guess who! That’s right, the ones who are already struggling.

zombie_nun I can hear the sound of running feet.

Funny you guys don’t mind when they do it to avoid Brexit?

Yep. Corbyns vision of the country is decidedly grim. He won't have any businesses left to Rob from!.

Tax avoidance, pure and simple.

that fine all jeremycorbyn need to attach to his policy is a prevention to supply in Britain of companies what wish to leave ?

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