It is a narrow point, but it is an important point. Since 1945, there have been many elections—although perhaps not recently—in which a party has said that if elected it would nationalise a private industry. The owners of the shares in that industry—even if the shares amount to £20 and were bought on the day of the election—always received due compensation. We do not confiscate without some compensation. That is a very important point of British democracy.
Identity Documents Bill
Proceeding contribution from
Denis MacShane
(Labour)
in the House of Commons on Wednesday, 15 September 2010.
It occurred during Debate on bills on Identity Documents Bill.
Type
Proceeding contribution
Reference
515 c930 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 18:30:04 +0000
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