EnergyWatch

UK Labour says legislation is ready to nationalize utilities

With a general election looming amid Brexit chaos and the Tories in disarray, the British Labour Party informs that it has already drawn up legislation to nationalize water and energy.

Photo: Peter Nicholls/Reuters/Ritzau Scanpix

The UK’s opposition Labour Party said it’s already drafted laws to nationalize water and energy utilities as the prospect of a general election looms.

Taking control of energy transmission and distribution networks as well as water companies will help bring down bills for consumers and allow the government to pursue a strategy to curb greenhouse gas emissions, Rebecca Long-Bailey, the party’s business spokeswoman, said on Sunday.

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