CBI is wrong to see cost as big issue in Labour's nationalisation plans | Nils Pratley

Details such as fair purchase prices and effect on foreign investment are what really need explainingThe Confederation of British Industry is barking up the wrong tree when it howls about the “eye-watering” cost of Labour’s nationalisation plans, which it puts at almost £200bn. Of all the arguments against nationalisation – and there are many strong ones – the claimed upfront cost is the weakest.The CBI skips over the fact that the companies on Labour’s