Tuesday, 26 April 2016

Public ownership of the UK energy system – benefits, costs and processes

"The possibility of a return to public ownership of the UK energy system has increased since Jeremy Corbyn was elected leader of the Labour party. This paper sets out the advantages of public ownership; the extent of public ownership in other countries; how the process of returning to the public sector could work in the UK – taking full account of EU law; and calculates realistic estimates of the cost, the possible impact on debt, and the scale of the benefits."   Paper Author: David Hall 
" The report is the best we have seen in updating where the UK and Europe is, on electricity in public sector and private sector hands, and shows clearly the benefits of public sector ownership. The European comparisons and references to the USA, including public and private ownership, are solid arguments.The report is an excellent piece of work for Unions , not just in Europe, but lessons for the Asia Pacific Region, and well as elsewhere, on the reasons not to privatize  " - Greg McLean