Hollinrake: Nationalisation not the answer on sewage
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Hollinrake: Nationalisation not the answer on sewage
Shadow Housing Secretary Kevin Hollinrake rejects calls from across the political spectrum for nationalising water companies.
He warns it could force the Chancellor to choose between fixing the sewage system or funding schools and hospitals.
Instead, he defends the role of private capital in driving growth, investment, and tax revenue—warning that “every time a company makes profit, somebody wants to take it off them.” Report by Etemadil.
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Shadow housing secretary Kevin Hollinrake has expressed concern about the UK housing crisis worsening due to potential spending cuts. It comes as Rachel Reeves prepares to announce the government's spending plans until the next election.
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Heathrow has submitted its latest plans for a third runway at Europe’s busiest airport. The total cost, including new terminals and infrastructure, will be £49 billion pounds. The airport says expansion will create up to 40,000 new jobs and add 0.43% to the UK’s GDP by 2050. However, the plans will face fierce opposition from locals, politicians and climate campaigners. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Environment Secretary Steve Reed has warned the nationalisation would cost £100 billion and slow down efforts to cut pollution. Mr Reed said it was not the answer, adding: “It would involve years of..