UK may swap one utilities dogma for another gfhay
A future Labour government could nationalise Britain’s energy network companies at a level below market value, the Financial Times reported on May 14.
According to a party research report, shareholder compensation would include deductions to take account of “asset stripping since privatisation”, state subsidies since the 1980s and pension fund deficits. The investor compensation would come from bonds issued by the Treasury.
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