City analysts say regulatory hurdles for Labour leadership runner’s ambition to nationalise energy sector would see minimum £124bn bill
Nationalising the major power providers, as suggested by Labour leadership candidate Jeremy Corbyn, could cost £185bn, according to leading City analysts.
Following a report in the Financial Times in which Corbyn discusses an ambition to take control of the big energy companies, analysts at Jefferies stockbrokers concluded there would be a number of hurdles to this idea. They cite European Union law and stock exchange rules which require an offer for a whole company to be made once a shareholder owns 30% of the shares.
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Source: The Guardian Circular Economy RSS