this post was submitted on 09 Oct 2023
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UK Politics

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The shadow business secretary Jonathan Reynolds told the BBC: "We're not going to nationalise the energy system."

Asked if they would follow the vote, he said: "No."

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[–] leaskovski@kbin.social 24 points 2 years ago (2 children)

What's the point of asking the party members then?

[–] Jackthelad@lemmy.world 7 points 2 years ago (1 children)

Just so they can get something for their membership fee.

[–] rynzcycle@kbin.social 5 points 2 years ago (1 children)

Paying £50 for a millionaire to spit on you is one hell of a kink, but to each their own.

[–] Jackthelad@lemmy.world 1 points 2 years ago

I've never understood why anyone would pay to be a member of a political party tbh.

[–] OhNoMoreLemmy@lemmy.ml 6 points 2 years ago

Unite set up the vote to embarrass the party leaders. It succeed in this.

The actual point left out is that this not needed and would involve buying out companies, and needlessly paying them money.

Instead Labour's plan is to set up their own energy company. This will either succeed and force existing companies to set prices fairly or to go out of business, or it will fail without damaging the market. Either way it's cheaper and safer than forcefully nationalising existing firms.