McDonnell: £37bn paid to shareholders should have been invested

Billions received by shareholders of privatised utilities could have helped reduce prices, says shadow chancellor More than £37bn has been paid to shareholders of privatised rail, telecoms, energy and water companies which could have been invested in public services, according to the shadow chancellor John McDonnell.The figure comes from new research by the Labour party into the tens of billions privatised companies have paid out to shareholders in companies such as Royal Mail, Centrica and the National Grid. Continue reading…
Via: McDonnell: £37bn paid to shareholders should have been invested