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Thread: Nationalisation.

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  1. #1
    Join Date
    May 2018
    Posts
    8,449
    "I similarly don’t really understand your ‘Remainer/Brexiteer’ reference."

    I think you do, just don't like the answer!

    When we were in EU we were "one economic entity" and nationality didn't matter - in employment, residence, trade, tarrifs etc and so to mobility of capital across member state borders. So eg French ownership of a British key industry was a very "EU thing" and part of what economically bound us together.

    Yet you've gone very "little Englander" on this matter which is very inconsistent with your remain stance. Nothing the matter with that, but it's no different to Tricky not wanting to be served by a Slovakian barista in a coffee shop is it? 😊

  2. #2
    Join Date
    Apr 2009
    Posts
    21,695
    Quote Originally Posted by Geoff Parkstone View Post
    "I similarly don’t really understand your ‘Remainer/Brexiteer’ reference."

    I think you do, just don't like the answer!

    When we were in EU we were "one economic entity" and nationality didn't matter - in employment, residence, trade, tarrifs etc and so to mobility of capital across member state borders. So eg French ownership of a British key industry was a very "EU thing" and part of what economically bound us together.

    Yet you've gone very "little Englander" on this matter which is very inconsistent with your remain stance. Nothing the matter with that, but it's no different to Tricky not wanting to be served by a Slovakian barista in a coffee shop is it? 😊
    I'll wade in and defend rA here. because feeing ownership and foreign investment has never ben a remain/leave issue or anything to do with the EU for that matter. (other than some companies operated here to gain access to the single market) Its more about bringing investment into the country finance projects whether they be 5G mobile phone networks or nuclear power stations. Though clearly the government have gone a little bit cool on Chinese investment lately!

    However, allowing a free for all in the market and not controlling foreign ownership of strategic infrastructure is not desirable from a security point of view - not that these companies should have been privatised in any case.

    Also the situation on the trains where other state national rail company's own or are shareholders in UK rail companies is distinctly odd. Another scandal is the ownership and asset stripping/debt loading of care homes by private equity firms based in some dubious offshore tax haven.

    Or the millions of Russian money laundered through the London property market again using opaque trusts.

    There is nothing wrong with foreign ownership, just what is owned, the ownership structure, the nature of the owners and how much tax payers money is being siphoned off to make vast profits.

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