What are Labour’s plans for re-nationalisation of key sectors?

Explainer with Nick Dee.

Transcript

00:00The new Labour government has announced plans to renationalise the UK's railways, part of

00:07a broader critique of privatisation.

00:10Labour argues that privatisation, originally intended to boost competition and efficiency,

00:16has instead led to higher costs and declining services in many sectors.

00:21For example, since the privatisation of the energy industry in the 1980s, households have

00:26seen energy prices soar, with critics claiming private firms prioritise profits over affordability.

00:35Water companies too have faced scrutiny for rising prices and environmental mismanagement,

00:41including frequent sewage leaks into rivers.

00:44Proponents of privatisation argue it boosts investment and innovation, but many now question

00:50if public services like energy, water and rail should be run for profit.

00:55As Labour pushes for more public ownership, it does beg the question, can you think of

01:01any industry that has improved since privatisation?