Utilities: Nationalisation

Treasury written question – answered on 21st February 2019.

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Photo of Matthew Offord Matthew Offord Conservative, Hendon

To ask the Chancellor of the Exchequer, whether the Government has made an estimate of the cost of nationalising (a) the National Grid and the (b) water, (c) electricity and (d) gas companies of England and Wales.

Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary

Her Majesty’s Government has conducted no formal assessment of the cost of nationalising the National Grid, the water companies, and the electricity and gas companies of England and Wales.

The Government has no plans to renationalise the utilities. It remains fully committed to a model of private ownership with strong independent economic regulation. It has therefore not produced any formal assessment of the cost of nationalisation.

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