UK Parliament / Open data

Public Ownership of Energy Companies

In August, the Financial Times estimated that if a buyer was not found for Bulb the cost to the public purse could have reached £4 billion by spring next year, although transfer of ownership has now been agreed. Does the hon. Member share my concern that bailing out privately owned companies in this way could have a catastrophic impact on the public finances, whereas nationalising them could be much cheaper?

Type
Proceeding contribution
Reference
721 c247WH 
Session
2022-23
Chamber / Committee
Westminster Hall
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