{"id":160959,"date":"2022-07-25T10:33:23","date_gmt":"2022-07-25T10:33:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=160959"},"modified":"2022-07-25T10:33:23","modified_gmt":"2022-07-25T10:33:23","slug":"labour-ditches-plan-to-nationalise-rail-energy-and-water","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/world-news\/labour-ditches-plan-to-nationalise-rail-energy-and-water\/","title":{"rendered":"Labour DITCHES plan to nationalise rail, energy and water"},"content":{"rendered":"<h2>Labour DITCHES plan to nationalise rail, energy and water companies as Keir Starmer abandons Jeremy Corbyn&#8217;s 2019 promises to fury of the Left<\/h2>\n<ul>\n<li><strong>Labour abandons pledges on nationalising rail, mail, water and energy firms<\/strong><\/li>\n<li><strong>Party ditches Jeremy Corbyn&#8217;s 2019 general election manifesto to fury of Left<\/strong><\/li>\n<li><strong>Sir Keir Starmer branded a &#8216;liar&#8217; after he previously backed &#8216;common ownership&#8217;\u00a0<\/strong><\/li>\n<\/ul>\n<p>Labour today attempted to move further away from Jeremy Corbyn&#8217;s legacy as Sir Keir Starmer was confirmed to have ditched his predecessor&#8217;s plans for mass nationalisation of industries.<\/p>\n<p>The party has abandoned pledges on taking rail, mail, water and energy companies into public ownership, as they did under Mr Corbyn before the 2019 general election.<\/p>\n<p>Shadow chancellor Rachel Reeves insisted Labour&#8217;s 2019 manifesto no longer fitted with the party&#8217;s &#8216;fiscal rules&#8217; and had been &#8216;scrapped&#8217;.<\/p>\n<p>The party would not be &#8216;spending billions of pounds on nationalising things&#8217;, she vowed.<\/p>\n<p>But her comments sparked anger from Mr Corbyn&#8217;s allies and those on Labour&#8217;s Left.<\/p>\n<p>Amid the fury it was noted how Sir Keir vowed to support the &#8216;common ownership of rail, mail, energy and water&#8217; when he was campaigning to be Labour leader.<\/p>\n<p>Sir Keir was due to use a speech this morning to insist there would be &#8216;no magic money tree economics&#8217; under his leadership of Labour.<\/p>\n<p>He was also set to take a swipe at the &#8216;Thatcherite cosplay&#8217; of Tory leadership contenders Rishi Sunak and Liz Truss.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/07\/25\/10\/60660057-11045711-image-a-8_1658741934033.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Under Jeremy Corbyn&#8217;s leadership, Labour vowed to &#8216;bring rail, mail, water and energy into public ownership&#8217;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/07\/25\/10\/60660047-11045711-image-a-10_1658741942369.jpg\" height=\"471\" width=\"634\"><\/p>\n<p>But shadow chancellor Rachel Reeves insisted Labour&#8217;s 2019 manifesto no longer fitted with the party&#8217;s &#8216;fiscal rules&#8217; and had been &#8216;scrapped&#8217;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2022\/07\/25\/10\/60660053-11045711-image-a-9_1658741937898.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Sir Keir Starmer was branded a &#8216;liar&#8217; after he previously promised to\u00a0support the &#8216;common ownership of rail, mail, energy and water&#8217; when he was campaigning to be Labour leader<\/p>\n<p>Ahead of the 2019 general election, which saw Labour suffer a humiliating defeat as it lost vast swathes of &#8216;Red Wall&#8217; seats, the party vowed to &#8216;bring rail, mail, water and energy into public ownership&#8217;.<\/p>\n<p>But, asked about those pledges this morning, Ms Reeves told BBC Radio 4&#8217;s Today programme: &#8216;I&#8217;ve set out fiscal rules that say all day-to-day spending will be funded by day-to-day tax revenues.<\/p>\n<p>&#8216;Within our fiscal rules, to be spending billions of pounds on nationalising things, that just doesn&#8217;t stack up against our fiscal rules.&#8217;\u00a0<\/p>\n<p>Pressed on whether Labour had officially abandoned its 2019 pledges, Ms Reeves added:\u00a0&#8216;They were a commitment in a manifesto that secured our worst results since 1935.<\/p>\n<p>&#8216;We have scrapped the 2019 manifesto. That is not the starting point.<\/p>\n<p>&#8216;We&#8217;re setting out distinct policies under Keir Starmer, the plans today around industrial strategy, my commitments around a climate investment pledge, our plans to buy, make, and sell more in Britain, reforms to the business rates system.<\/p>\n<p>&#8216;Those are the policies that will be going into the next election under Keir Starmer, not the policies of 2019.&#8217;<\/p>\n<p>Ms Reeves&#8217; comments came soon after Rebecca Long-Bailey, who stood against Sir Keir for the Labour leadership in 2020, called for the party to put forward &#8216;radical and transformational&#8217; policies.<\/p>\n<p>She told the Guardian: &#8216;We are living through the worst cost of living crisis in decades, with household fuel and water bills soaring, while rail fares continue to rack up.<\/p>\n<p>&#8216;It\u2019s critical that Labour remains on the side of public opinion here, and that we go into the next election with our existing policies on public ownership.&#8217;<\/p>\n<p>Momentum, the left-wing pressure group that grew out of Mr Corbyn&#8217;s two leadership election victories, today warned Sir Keir his stance would not win back &#8216;Red Wall&#8217; voters.<\/p>\n<p>They said: &#8216;You don&#8217;t win these voters over with Tory-lite economics and some tough-on-crime posturing. They want a real alternative.&#8217;<\/p>\n<p>Andrew Fisher, who was Labour&#8217;s director of policy under Mr Corbyn&#8217;s leadership, branded Ms Reeves &#8216;economically illiterate&#8217;.<\/p>\n<p>He also branded Sir Keir a &#8216;liar&#8217; for abandoning his leadership pledge to &#8216;support common ownership&#8217;.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-11045711\/Labour-DITCHES-plan-nationalise-rail-energy-water-Starmer-abandons-Corbyns-promises.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Labour DITCHES plan to nationalise rail, energy<\/p>\n","protected":false},"author":3,"featured_media":160958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23056],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Labour DITCHES plan to nationalise rail, energy and water - 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