Fair Market Price3 Dec 2019 18:28
Labours proposals to bring mail, water, energy supply and distribution, train operators and fibre broadband provision into public ownership are the centrepiece of the party's general election offer to voters.
But the respected Institute for Fiscal Studies said going ahead with the plan would have major consequences and could even scupper efforts to tackle climate change.
The IFS said taking control of the industries would lead to a more than £200 billion increase in the assets owned by the public sector and add 310,000 employees to the public sector workforce.
It said that the government would have to 'provide compensation to current owners at the appropriate market price' or risk 'harming the UK’s reputation and standing with other countries