Labour would start buying up shares in the “big six” energy companies under a Jeremy Corbyn government until it owned a controlling stake, the party’s leftwing leadership contender has said.
Speaking to the charity Greenpeace, he said: “I would want the public ownership of the gas and the National Grid . . . [and] I would personally wish that the big six were under public control, or public ownership in some form.”
He admitted the policy would be expensive, but said: “Does it cost? Yes. Is there a return? Yes.”
His comments on the energy industry show, however, that he is just as committed to carrying out these more radical plans as he is to more modest commitments such as scrapping university tuition fees. Mr Corbyn told the FT he wanted to tax high earners and wealthy people more to help pay for these pledges. He said: “I am in favour of restoring the 50 per cent tax rate on incomes over £150,000, but we may need to review that in 2020, depending on whether the deficit is still there in 2020 and what levels of inequality there are.
“We must also look at taxing the wealth of the super-rich,” he added, suggesting higher council tax bands for valuable houses and a land value tax on unused land or property.
can you imagine the returns on the energy investment right now? And the returns on taxing the 1% whove increased their banks 10 fold in the last few years
but naw, the people voted for the tories who do everything at the expense of the bottom of society, you really couldnt make it up, its those 100 average IQ apes reading their jewspapers
