Labour claims taxpayers would face a massive bill for nationalising the water industry. But that’s not true. If a fair price is paid for the businesses and their debts, nationalising should impose no cash cost on the Treasury at all.
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ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax’.
This video was edited by Thomas Murphy.
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