Labour’s nationalisation price tag would start at £196bn, CBI says

Labour’s nationalisation price tag would start at £196bn, CBI says

Image copyright PA Image caption Shadow chancellor John McDonnell has said Labour’s nationalisation plans would be cost-neutral

Labour’s nationalisation plans would cost at least £196bn, according to the Confederation of British Industry.

The employers’ group said the up-front cost of taking control of the water and energy utilities, train firms and Royal Mail was equivalent to all income tax…

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