That the Labour Party wants to renationalise the electricity and gas networks is true. That the Labour Party is insane is true. Even, that the Labour Party is insane to want to renationalise the electricity and gas networks.
But what was going to be the trick?
Pension funds deficits – these are already included in market prices. Asset stripping – the assets have been stripped, the current market price includes the fact that they’re gone. Stranded assets are already in the market price – they’re there at the price that the market reckons they’re stranded at. State of repair is in the market price. Current state subsidies are in the market price – past ones aren’t.
So, all of the adjustments which Labor says it will make are already made.
That is, they’re lying, they’re going to steal private property. But then socialists, eh? Pan-time and U-bend for the national economy….