Tag Archives: privatising profit

Privatising profit, nationalising loss: the secret policy of the Tory liars

Hard hat, soft head: but Michael Gove must think we’ve gone soft in the head if he thinks we don’t understand that he is privatising profit and nationalising loss in the housebuilding industry.

The decision to lift the cost of mitigating the harmful effects on rivers of housebuilding near them and force it on the public is more proof of a secret Conservative government policy: privatising profit and nationalising loss.

It’s a very simple tactic: if a private business or a privatised utility is in danger of losing profit (not of going out of business, notice) because of statutory rules it must observe, then the government passes the cost of those rules on to the public purse in order to allow shareholders to enjoy profit without responsibility.

It makes a nonsense of the primary reason the Tories gave for electing them into office in the first place, back in 2010. They had claimed that they would reduce the UK’s national debt by cutting spending – but partly because they kept piling the costs incurred by failing privatised utilities onto the Treasury, they have more than doubled that debt.

We have seen it in action multiple times – and now we are seeing it brought to housebuilding:

Taxpayers will pick up the bill for pollution by housebuilders, government officials have admitted, as rules on chemical releases into waterways are scrapped.

The government has said it will double Natural England’s wetland funding to £280m in order to show it is trying to meet the requirements of its legally binding Environment Act.

This extra £140m will come from the public purse, the government confirmed. When asked by the Guardian whether this meant the taxpayer was now picking up the bill for pollution caused by developers, a government official responded “yes”

It is Tory policy. They make the rich richer by making the poor poorer. And they are doing it by forcing the hardworking many to shoulder the responsibilities that should be borne by the idle few.

That is, privatising profit and nationalising loss.


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.


The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook