NATIONALISED energy firms could make a whopping £140 billion for the British economy by 2040, according to a TUC analysis published today.
The union body argued investment in a publicly owned clean power company could generate £3 for every £1 put in, or £5,000 per household.
The strategy would lower record-high gas and electricity bills, make the country richer, create good clean jobs and cut carbon emissions, it said.
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Oslo has raked in more than £300bn from North Sea oil in the last 40 years by investing in publicly owned energy firms, noted the TUC, which slammed Westminster for choosing to privatise oil fields and put “corporate profits over the public purse.”
The union body’s general secretary, Paul Nowak, said: “Publicly owned energy companies work – across Europe they are lowering household bills and delivering good jobs.
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