PUBLIC OWNERSHIP saves BILLIONS

Privatisation wastes billions year after year

Privatisation costs more because it means spending money on shareholder dividends and the higher cost of borrowing in the private sector (government can borrow more cheaply).

  • Public ownership of water will save £2.5 billion a year - investing this will reduce leakage levels by a third.
  • Public ownership of energy networks will save £3.7 billion a year - enough to buy 222 new offshore wind turbines.
  • Public ownership of rail will save £1 billion a year - enough to buy 100 miles of new railway track.
  • Public ownership of buses will save £506 million a year - enough to buy 1,356 new electric buses.
  • Public ownership of Royal Mail will save £171 million a year - enough to open 342 new Crown Post Offices with postbanks.
  • Public ownership of broadband will save £500 million a year - enough to pay for full fibre broadband for 6 million households.
  • Ending the internal market in the NHS will save £4.5 billion - enough to pay for 72,000 nurses and 20,000 doctors.
We're wasting £13 billion on privatisation every year.
That's £250 million EVERY SINGLE WEEK.

Photo credit: Images Money

Do you believe in public services for people not profit?

Win campaigns for public ownership by subscribing to our mailing list! We'll hold your data in accordance with our privacy policy and send you carefully chosen information about current and future campaigns, projects and appeals. You can unsubscribe at any time.