FACTCHECK
Earlier this week the Confederation of British Industry (CBI) released analysis estimating the cost of Labour’s nationalisation plans. It also said that on top of costing £196 billion, pensioners and savers would lose out.
This is misleading. The CBI’s own analysis says both outcomes could occur, but under different (and contradictory) scenarios.
Regardless, its method is disputed, and doesn’t factor in the potential economic benefits of nationalisation.
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