Wednesday, 29 July 2009

Positively Public

A maximum rate of interest? Of course. America didn’t abolish the maximum rate of eight per cent (yes, eight per cent) until 1980.

Lower water rates? Of course. Back in public ownership.

And the rail franchises sorted out? Of course. By means of renationalisation, quite enough compensation having already been paid out in the form of guaranteed public subsidies.

There were no birth defects in Corby when the British Steel works was still there, but only after it had to be taken down. Margaret Thatcher strikes again.

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