I set out to a meeting organised by OUCA how in the 1970 s nationalised industries sacked many employees, put up prices and delivered poor service to customers, and cost taxpayers a fortune in losses, subsidies and investment spending.
I went on to highlight the same bad patterns in our current nationalised industries.
The Post Office sacking and imprisoning good honest employees
HS2 costing us a fortune and failing to deliver any rail journeys on time or to budget
Steel absorbing large sums to pay losses,probably ending in job losses and compensation to the Chinese.
It’s more a case of nationalised industries owning us and plundering our bank accounts, rather than us owning and benefitting from the nationalised industries. We used to own something called public dividend share in some of them but instead of paying us dividends they usually sent us big bills to pay their losses.
https://emea01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdrive.google.com%2Fdrive%2Ffolders%2F1bubP0hkT3IGIgXvLMrQAVl4wIzIpWetH%3Fusp%3Dsharing
May 25, 2026
So with any new Nationalised projects we need to learn from past mistakes and create industries which are not ruled by any other than British , thereby ensuring permanence on British soil.
If as you prefer, private companies take over,then a clause written into contracts that their business ( note ,not our business) must remain in GB .
I am not for giving power away to others ,for example in the NHS ,which has more or less ruined it.