Its a bit more complex then that. The shareholders can sue the government. And under current laws would win as the value of the shares has been removed from them.
Of course. Parliment can make any rule they like. And UK courts are required to follow them.
But getting the majority of 650 politicians most of whome own shares. To agree to such a law. Aint happening with any current likely election result.
Nationalise it ffs, no payment no bailout needed. The infrastructure exists on British soil. The pension funds can't do anything more than cry ab it.
https://youtu.be/R3bo-s_OY4Q
Its a bit more complex then that. The shareholders can sue the government. And under current laws would win as the value of the shares has been removed from them.
Of course. Parliment can make any rule they like. And UK courts are required to follow them.
But getting the majority of 650 politicians most of whome own shares. To agree to such a law. Aint happening with any current likely election result.
yes, what i meant is there are no economic constraints, only political ones.
Agreed.
And well worth pointing out at every oppertunity.
To many in the UK have fallen for the lie that nationalisation is inherently inefficient.
Without thinking beyond the right-wing properganda.
How the hell are we measuring efficency.
Who is to blame. And who gains from creating an extra layer of privatised blame.