By John Stevens Deputy Political Editor For The Daily Mail
Published: 00:54 BST, 16 May 2019 | Updated: 00:54 BST, 16 May 2019
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Jeremy Corbyn will today unveil plans to renationalise energy network firms at less than their market value.
The Labour leader wants to take the National Grid and regional distribution firms out of the hands of private shareholders and into public ownership.
The price paid would be adjusted to account for ‘pension fund deficits, asset stripping since privatisation... and state subsidies’.
The Labour leader wants to take the National Grid and regional distribution firms out of the hands of private shareholders and into public ownership
The Tories said the move would hit pension funds that hold shares in the power firms, reducing the retirement income of millions of workers.
Liz Truss, Chief Secretary to the Treasury, said: ‘Appropriation of private property. Who would be next? Why would anyone invest in Britain?’
Neil O’Brien, Conservative MP for Harborough, said: ‘Labour’s plan to literally steal from pensioners is outrageous. It’s shocking – and this is
