Burnham ally to unveil ambitious plan to reverse decades of privatisation
Summary
Andy Burnham’s plan proposes reversing decades of privatisation by bringing essential utilities like water and energy under more public control through a long-term process. The plan suggests ways for the government to step in when private companies fail, aiming to make basic services more affordable and reliable for people.Key Facts
- The policy is called The Productive State and aims to reverse 40 years of privatisation.
- It focuses on taking control of failing private utility companies through legal and financial tools like “bonds for shares.”
- The plan targets essential services such as water, energy, and transport to reduce costs for households.
- It argues that privatisation has increased everyday bills by adding a “privatisation premium.”
- The plan seeks to create public competitors and increase state ownership without full nationalisation of all utilities.
- The author, Mathew Lawrence, worked closely with Andy Burnham and the Labour group Mainstream.
- Burnham may seek wider political leadership in Westminster soon.
- The approach aims to protect the public from rising costs and risks of private company failures.
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