PH wrote:pete75 wrote:Where are the billions needed to renationalise the likes of BT and the electricity companies to come from?
Borrow it - before you go off on the evils of debt, that's how the current owners of most utilities have funded their acquisition, so why would it be good for the private sector and bad for the public? How did we fund the bank bail outs? We somehow came up with the billions then, not that they've shown much gratitude.
That was to help their "friends" can you really imagine them doing it for renationalisation.
Why do you think debt is evil BTW - are you some sort of Victorian moralist? Savings good , borrowing and debt bad. The thing is you can't ahve one without the other unless you just stuff your money under the mattress.