Labour plans to nationalise energy networks at below market value – Financial Times

Labour plans to nationalise energy networks at below market value  Financial TimesInvestors in Britain’s energy network companies are unlikely to receive compensation based on market value when the businesses are nationalised by a future Labour government, according to a new paper by the opposition party. Jeremy Corbyn, Labour leader, will set out on Thursday how a government led by him would nationalise Britain’s energy networks — the cables and pipelines that deliver electricity and gas to homes and businesses — soon after winning a general election. The Labour paper says that shareholders would be compensated, but not necessarily at market prices — because of deductio…

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