Keir Starmer is heading for a collision with Labour’s trade union backers after ruling out the re-nationalisation of public utilities.
The Labour leader said his plans for economic partnerships between the state, private sector and workers would form a “modern industrial strategy” focused on growth.
But Labour's growth plan flew into immediate criticism from the TUC when shadow chancellor Rachel Reeves formally ditched Corbyn-era commitments to the nationalisation of energy supplies and rail services.
The trade union organisation stated: “We are now calling for public ownership of energy companies. The energy cap is expected to increase to £3,200, up over 150% in just a year.""Public ownership would reduce bills, peed up energy efficiency improvements to homes and cut carbon emissions faster.”The statement added: “Taking the Big Five energy retail firms into public ownership would cost just £2.85 billion.
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