The centre ground seems to have been replaced with the new ‘Common Sense’, as Jeremy Corbyn described it at Labour’s annual conference. Just over a year after 40% of the voting public backed a manifesto with nationalisation at its heart, Labour have now set out further details on the future ownership of our utilities and public services, including our water.
It can never be right for natural resources like water and public services like our railways to be used to fund the very nice lifestyles of the few at the top. The public purse should no longer subsidise the few in big business and instead it should benefit the many millions of people who, in Conservative Britain, struggle to make ends meet.
Labour’s ‘Alternative Models of Ownership’ report sets out how Labour could end the profiteering of our public services, without simply copying the approach used in the 20th century. Instead, under Jeremy Corbyn’s Leadership, John McDonnell is setting out a radical Labour vision of co-operation.
Labour is offering a modern, forward thinking and 21st century model of national ownership and co-operatives are the way forward. Water, in public hands, through a co-operative owned together by groups of local councils, does achieve Labour’s goal of putting income, wealth and power in the hands of the many, not the few.
Since privatisation of our water, over £18billion has been paid out of the companies in profit to shareholders whilst bills have gone up by 40%. Despite this natural resource not being ‘owned’ by anyone individual or company, private companies up and down Britain have put profit before people.
Today Labour is offering the democratic control of water and other public services, under new models of ownership. It’s nationalisation fit for 2018 Britain, where we build on the work of the co-operative movement to end profiteering from our public services once and for all, ensuring that when Britain succeeds, we all succeed.