CBI is wrong to see cost as big issue in Labour's nationalisation plans | Nils Pratley

The Confederation of British Industry is barking up the wrong tree when it howls about the “eye-watering” cost of Labour’s nationalisation plans, which it puts at almost £200bn. Of all the arguments against nationalisation – and there are many strong ones – the claimed upfront cost is the weakest.

Upfront £196bn is just under 20% of the annual tax take .. that seems a pretty big issue to me ... but agree that the longer term impact on inward investment, jobs, corporate tax take (down) and unemployment and cost of benefits (up) could be an order of magnitude worse

May cannot ignore TUC and CBI – McDonnell

What? Wrong? Nah.

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Source: The Guardian - 🏆 84. / 53 Read more »