Labours broadband policy will cost £580 million per year. I’m not sure what this figure actually includes

However their “costed” manifesto had the price at 1/4 of that! This doesn’t include job losses from over 200 ISP providers in the UK!

How can you trust their costings?

1/

However, one of their policies has already cost the UK revenue as 2 of our largest providers of power have moved “offshore” to protect themselves against Labour’s plan.

2/

National Grid and SSE which together own British Gas and Electricity transmission networks have created overseas holdings, effectively moving the tax revenues as well. National Grid choose Switzerland and SSE choose Luxembourg and Hong Kong.

3/

So for Labour to now complete it’s proposed plans, those companies (who have our pensions invested in them) will extort the government and there is nothing that Labour could do. This means full market value would be a legal requirement and Parliament CANT set the price!

4/

To give you the market value of these 2 companies;

1. SSE - £14bn
2. National Grid - £30bn

Labour’s manifesto isn’t costed. It will cost the UK a lot, and eventually the culmination of this “radical transformative” manifesto will bankrupt the UK.

5/5

PS - 2 water companies have also made the same move to protect their market value, and any shift in the polls would see the remaining utility providers follow suit.

The threat of Labour has made more companies leave the UK than Brexit which was meant to see an exodus...

There’s not a single assumption here Mick? Labour have accepted they got the costings wrong, they can invest without the need to cripple the industry and put thousands out of work and close 100s of companies.

However, if you want to highlight my “assumptions” please do.