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That doesn't make much sense. The gas companies are making record profits and effectively getting £100bn subsidised revenue plus plenty more on top of that but could be bought for £2.9bn?
aggi-
Yes. Nationalising the big five energy retailers would cost 2.85 billion. Admittedly according to the TUC, but they won't be a billion miles away. Even if it's 10 times that, it's still less than the six-month sticking plaster Starmer's proposed (which has, unsurprisingly, already been outflanked on the left by the Tories).
E2a: that 100 billion subsidised revenue melts away if they're in public ownership. The profits come into the state rather than shareholders. Costed up, I reckon you're looking at a net gain over the long term rather than a cost. A cost that would still benefit the British public way more than us all ploughing loads of our money into energy company shareholders' pockets.
ketsbaia
Just love the fact we're going to throw £100 billion worth of taxpayers' money to prop up a non-market when we could spend £2.9 billion nationalising it and solving the problem overnight. Great work, neoliberalism. Tremendous stuff.