McDonnell: “You Don’t Need a Number” For Nationalisation Costs

Two gems from McDonnell on Marr this morning: he reckons when the government borrows to spend it is guaranteed a profit: “On those returns you will always get more than you pay out”. And he says the cost of Labour’s nationalisation programme is… nothing: “You don’t need a number because you swap shares for government bonds”. Not serious, and yet still McDonnell is closing the gap on Hammond on the economy…


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