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Labour MP Steve Reed claims it'd cost "Upwards of £100bn to Nationalise Water". This is a huge lie. (files.catbox.moe)

submitted 4 days ago* (last edited 4 days ago) by Davriellelouna@lemmy.world to c/unitedkingdom@feddit.uk

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This £100 billion figure is from a report funded by the Privatised Water Industry to lobby against Nationalisation.

Why is a Labour MP regurgitating industry lies?

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[–] ohulancutash@feddit.uk 2 points 3 days ago

            
              Economy collapses due to sudden withdrawal of all foreign investment. Value of pensions crashes. Housing market collapses. Local councils go bust.