Fao Of Our Labour Supporters

[ToraToraTora]

https://www.theanswerbank.co.uk/News/Question1593171-4.html
You seem to have missed this question. Helpfully I have provided a link. Can you tell us how Labour is going to re nationalise everything for free. Thanks.

[naomi24]

If they don’t have the money to pay for it they can’t do it. If they try, apart from incurring the rightful wrath of the common or garden shareholders, with all the big foreign investors that have an interest in the companies they want to pilfer, they’ll be up to their necks in lawsuits – and they can’t afford those either. In short, they’re potty – but the logical among us know that.

[Gromit]

TTT,
I did not forget Red Robbo and the strikes, but they were a product of Michael Edwards’ inept management at British Leyland. When the thing was hived off to manufacturers who knew what they were doing, the workforce miraclulously became the best in Europe, virtually overnight. British Leyland did not fail because of Red Robbo, it failed because the company made terrible products (which had zilch to do with the Unions).

[webbo3]

http://www.bbc.co.uk/news/uk-politics-43014861

\\A report earlier this week by the Social Market Foundation, commissioned by a group of water companies, estimated that the up-front costs of renationalisation would be £90bn.//

yup 90 billion, and thats just for the water, the railways and all the other utilities will cost hundreds of billions.

[Togo]

British Leyland like the other "local" car manufacturers knew it was pointless spending money on development whilst the fanatical Marxists trade unions were calling the shots. Hence the rise for BMW, Mercedes, Citroen, Honda, etc. etc. No TU interference in their businesses allowed them to invest and thrive. Like all TU "organisations they started with a small house and a big membership. The "officials" of course finished up with a big house and a small membership. The members finished up with no job.

[Gromit]

Naomi,
Nationalising is a relatively simple process and no lawsuits would ensue.
Privatisation has failed on every measure. As most of our water is French owned, Our Electricity is German and Railway is Italian owned, any fallout from taking them back into public ownership would have no domestic political consequences. In fact, perhaps the opposite. The anti European feeling in the country would probably rejoice at getting these assets back from the European Foreigners.

[ToraToraTora]

here here togo, how can anyone manage when you have marxist
storm troopers sabotaging everything.

[Togo]

Don't be silly. Whilst these EU "organisations" have a vested interest they dare not cause the businesses to fail. Got em by the short and curlies there. If they start to get sniffy we just wreck their investments. Touché.

[Togo]

That^^ was for Talbotty.

[Baldric]

Togo, how can you include Citroen in your list, they are the French equivalent of British Leyland in terms of build quality along with the other French manufacturers,

[Gromit]

Togo,
Don’t be daft, British Leyland spent £Millions on development. And produced crap that no one wanted to buy. The unions had nowt to do with designing the Morris Marina and Austin Allegro. And it was poor products rather than the Unions which killed off Leyland.

[Togo]

So sorry there^^ for Gromitty. (Had a real busy day)

[Ryzen]

Mr Edwards and his 'inept' management were very good at 'persuading' the workers to strike, especially when they could see a sales downturn on the horizon.....striking workers are cheaper than laid off workers.

[Gromit]

British Leyland did have successes. The Mini and Triumph TR6 and TR7 sold as fast as we could make them.
Unfortunately BL were selling them for £1000 less than they cost to manufacture, so every sale was another nail in their coffin.

[mikey4444]

Gromit is right....British Leyland produced some of the grungiest cars ever made. While Toyota was making the worlds best selling car, the Corolla, Leyland were making the ruddy Allegro, with a square steering wheel !

But all that was 40 years ago.

[Togo]

They are still there though Baldric....albeit, illegally propped up by the French Government.......using our funds I might add. :))

[Togo]

//But all that was 40 years ago. //

Haha....... Said the one who is living according to a 70yr old template.

[gulliver1]

Anneasquith, 13.49 have to agree with you he is very very Boring.

[vulcan42]

gulliver, he's only boring to those who don't understand what's going on.

[naomi24]

Gromit, //Nationalising is a relatively simple process and no lawsuits would ensue.//

Not if there’s no money to recompense the investors – which is what we’re talking about..

[Gromit]

Naomi,

Costing nothing and there being no money are two completely different things.
The Government would borrow money to nationalise a utility. And repayments on the borrowing would come from the profits of the utility going to the Government instead of shareholders. So it costs nothing but investors are compensated for the loss of their asset.