An interesting twist may develop from this.
National are claiming that they have a mandate to sell assets, as they won the election.
It seems that if Labour win the next election, and Mr. Cunliffe is p.m. he will use legislation to Nationalise them, claiming the same mandate I would imagine.
The interesting thing about selling the shares is that you get market price. When you Nationalise them, its done by regulation. The government can simply name the price it will pay, if any.
On TV1 this morning Mr Cunliffe said "I don't stand for a paler shade of blue, and I want to look down the barrel and say this: if the Government is going to sell off precious state assets then we would not rule out re-nationalising some of them. And people need to be aware of that regulatory risk.''
IMHO This is a clear threat that nationalisation were it to occur would not necessarily be at market value.
He seems to be saying - "buy these shares if you want.. but be aware we haven't ruled out just passing a law to simply take them back"
David must play fair with the other kids, even the idiots.
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