Shock...

[ShootingEgg]

Looks like energy firms are preparing for a labour govt, not just leaving the EU

https://www.bbc.co.uk/news/business-50536205

[bluesj]

Labour will kill all investment in the uk if they get the chance

 

[figgy]

They have to prepare just in case, only a fool wouldn't.

[JohnfromUK]

If you thought someone had 'eyed up' your house with the intention of stealing some of your property - you would take precautions to prevent (or at least reduce the risk of) the loss.

Labour plan to effectively steal from the shareholders (which will be a great many of us through or pension funds).

[oowee]

I own lots of this stuff and whilst I do not support Corbyns plans it does not make sense having stuff like NG and maybe Open Reach in public ownership. 

 

[JohnfromUK]

1 minute ago, oowee said:

it does not make sense having stuff like NG and maybe Open Reach in public ownership. 

Correct, it makes no sense at all to have them in public ownership

[oowee]

2 minutes ago, JohnfromUK said:

Correct, it makes no sense at all to have them in public ownership

Ooops i meant to say private ownership. They should be state assets. 

[JohnfromUK]

You were right the first time - I dived in quick with my quote because I thought your original post was 'out of character' and suspected 'finger trouble.  🤣

[oowee]

1 minute ago, JohnfromUK said:

You were right the first time - I dived in quick with my quote because I thought your original post was 'out of character' and suspected 'finger trouble.  🤣

Plenty of that here 

I can't see them as efficient, or competitive businesses. They are good for shareholders with a nice steady return but they are far from efficient and have nothing to compete against. NG owns generation and distribution stuff in the states and it must be very easy to loose sight of what costs are generated from where. How can UK plc be certain that it is not subsidising the US business?

[JohnfromUK]

2 minutes ago, oowee said:

I can't see them as efficient, or competitive businesses.

State ownership does nothing to correct that - in fact it arguably makes it worse.

I believe the Utilities overall have a high percentage of their stock held by pension companies, pension funds, life funds etc., and so are owned by a great many of us - even if we are not directly aware of the fact.

The 'State' should not be holding vast fixed infrastructure 'assets', though I accept that certain ones (roads etc.) are not practical in any other way.

It is the States role (in my opinion) to create the suitable economic conditions (primarily security and stability) in which infrastructure and assets are a suitable vehicle for things like our pension savings to be invested.

[oowee]

2 minutes ago, JohnfromUK said:

State ownership does nothing to correct that - in fact it arguably makes it worse.

I believe the Utilities overall have a high percentage of their stock held by pension companies, pension funds, life funds etc., and so are owned by a great many of us - even if we are not directly aware of the fact.

The 'State' should not be holding vast fixed infrastructure 'assets', though I accept that certain ones (roads etc.) are not practical in any other way.

It is the States role (in my opinion) to create the suitable economic conditions (primarily security and stability) in which infrastructure and assets are a suitable vehicle for things like our pension savings to be invested.

NG is very much like a road. The low level power lines are owned and operated by the DNO's but the High Voltage infrastructure is NG. 

I worked on the West Midlands Toll road. The value of surplus land sales from the compulsorily purchased highway route came to around £850m the road itself cost £750m to build. It produces a massive income and last year sold for £2bn. The state should in my view own some of these state backed infrastructure projects as income assets. They could be held in part by the state but mostly privatised (51%?)  and operated. A portfolio of such assets  could be used to back the pension bill which is currently paid from income.

[GingerCat]

The last thing you want is comrad corbyn controlling the internet. Thats what he wants precisely.

The reason he wants it is to control the content. A bit like China and north korea. Then you will only be told "good news" about labour and "bad news" about everything else. 

He also wants to get rid of private schools, not because they provide excellent education but precisely because he wouldn't be able to dictate what is taught in them. When they are gone the children will all be educated that socialism is the only way. Just like north korea, China, Russia etc etc etc. 

The utilities are the same story, be good or he will turn the power out, pay his unite workers more or everyone will go on strike. Anyone remember 3 day weeks? 

Don't think for a second it's to make them better. Its not. The party and select friends of will do well, everyone else will work till they die and be thankful for it. 

 

[oowee]

1 hour ago, GingerCat said:

The last thing you want is comrad corbyn controlling the internet. Thats what he wants precisely.

The reason he wants it is to control the content. A bit like China and north korea. Then you will only be told "good news" about labour and "bad news" about everything else. 

He also wants to get rid of private schools, not because they provide excellent education but precisely because he wouldn't be able to dictate what is taught in them. When they are gone the children will all be educated that socialism is the only way. Just like north korea, China, Russia etc etc etc. 

The utilities are the same story, be good or he will turn the power out, pay his unite workers more or everyone will go on strike. Anyone remember 3 day weeks? 

Don't think for a second it's to make them better. Its not. The party and select friends of will do well, everyone else will work till they die and be thankful for it. 

 

I think maybe you need to get out more 

[Mice!]

I didn't look at the Venezuela thread, or did briefly not sure, but I started watching the second series of Jack Ryan last night, set in Venezuela,  or Britain if Comi Corbyn was to get in, him in charge of power and internet?

Best get a log burner in and some more books.

[GingerCat]

2 hours ago, oowee said:

I think maybe you need to get out more 

I get out plenty thanks.

Do you really think he wants everyone to have broadband? And for free? No catch.... Not to control the free media that he has attacked in his best "President snow" social media clip, where he said they have it too good and ""change is coming"  after they criticised him. 

 There's not many without it is there? And its hardly expensive.

I don't think I know anyone for that matter without it and I live in the sticks, no mains drainage or gas. Plenty of superfast broadband though.

This one is the most left leaning uk hating, terrorist appologising marxist labour governments yet. To top it all they want to spend an extra £650 million a day, yes a day,  on fantasist ideas. There's not much he hasn't promised to give away to anyone who votes for him. 

Thabkfully he wouldnt last the full term as we'd be bankrupt and the streets may well resemble the socialist utopia of Venezuela. The gullible will soak it up no doubt. 

[oowee]

Say it like it is 

We dont have decent broad band here in the valley despite numerous pledges to provide it over the country. For a variety of reasons the privatised Open Reach can't make enough money from the rural areas so focus first on the most profitable areas. Recently a company called True Speed installed it here and I can have the package for £47.50 pcm. I dont think that's cheap. My Phone gives me almost unlimited for £10 a month. Shame it does not work here at home because you've guessed it we don't have Broad band, we don't have 5g, 4g, 3g or any sort of g. In fact we don't even have mobile phone signal here. It must be because I am out in the sticks 5 miles from Bristol. 

I go to Greece, Turkey, Croatia and sail my boat off shore and have a mobile phone signal with broad band everywhere. Even if I go to Bosnia, Sebia, or Montenegro on the Albanian border (third world Europe) I will have mobile phone signal. The privatisation of infrastructure has not and is not working. 

Would I trust Corbyn to deliver his change?  Not a cat in hells. 

[m3vert]

I have a decent amount of NG shares and seriously hope that Corbyn and his chums don't get a chance to screw up my investment!! I don't understand how moving the company offshore protects my investment should Labour get in and try to nationalize NG? Can someone please explain?

[ShootingEgg]

Oowee although I agree ith the issues regarding broadband in this country, not everyone is lucky enough to be able to live out in the sticks in possibly a nice area and nice home. Broadband, sky, a nice car, fancy holidays are in my book still luxuries, and alot of people work hard to get them. Infrastructure for broadband could be better, but even if it was, the further away from the exchange you are the slower the speeds, WiFi and phone signals all work on line of sight, its a bit like us communicating via voice, face to face we hear and understand the ways in which things are said, put us either side of a wall or a peice of glass and the communications will drop or become poor. So you sya you live in a valley. Two hills either side of you are your walls. 

In a corbyn utopia only those who are at the bottom win, and some chose to be their so they can win. The people on the middle will be the hardest hit. And the top X% will just move their assets and investments away from his grubby mits. He really is not for the many.