Bbc News
@bbcnews·20.1M subscribers·32.9K videos
Jeremy Corbyn: 'Our water industry should be in public ownership' BBC News
Posted
May 16, 2017
Views
48,097
Likes
977
Comments
509
Engagement
3.09%
May 16, 2017
48,097
977
509
3.09%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
5:44Now PlayingJeremy Corbyn has been talking to our political editor about his renationalisation plans. He says water company dividends have gone up massively, alongside big increases in bills for consumers.
"I think it is only right that our water industry should be in public ownership as it is in Scotland," he tells Laura.
"The process of doing that may well be a bond issue, and instead of the profits being siphoned off elsewhere they'll be here and invested."
But why no ball park figure for the cost of renationalising four major industries, he's asked.
"Because we don't know what the share price would be at the time that we do it," he replies.
The Labour leader said the cost would be "neutral" if bonds were issued in return for buying company shares - but of course, that would greatly increase government debt, something the manifesto doesn't mention.
Please subscribe HERE
World In Pictures
Big Hitters
Just Good News
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
