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Showing results for tags 'sse & national grid moving there assets'.
labour will never get it, their policies or even the threat of their policies are allready causing ripples through the uk financial industry. what did they expect all these companies to do just hand it all over on the cheap after their threats crashed the prices?. these companies shareholders have lost a fortune with the fear of labours privatisation over the past few years. labours nationalisation policy will destroy our very strong position as a finance market losing a million jobs and the biggest industry and advantage we have in the world, and all because they want to take over a competitive industry thats allready kept in check by government bodies that dictate the prices charged. its total lunacy they allready contol the market by using OFGEN but wish to destroy a million jobs just so they have their name on the company letterhead. and in doing so they destroy value in pension funds of their own supporters and crash their best industry. im not sure labour supporters have really thought this through. https://www.thetimes.co.uk/article/power-giants-national-grid-and-sse-go-offshore-to-escape-jeremy-corbyns-clutches-ms6jbhvlw# The two leading power companies have quietly shifted ownership of their British operations into offshore companies to protect against Jeremy Corbyn’s threat of cut-price nationalisation, The Sunday Times can reveal. National Grid and SSE, which together own Britain’s entire gas and electricity transmission spine, this weekend confirmed they had created overseas holding companies in recent months to seek shelter from Labour’s renationalisation agenda. SSE has put its UK business into a new Swiss holding company; National Grid has shifted its gas and electricity businesses into new subsidiaries in Luxembourg and Hong Kong.