Labour promises 'decent rate of return' from renationalisation plans
Shadow chancellor John McDonnell has pledged that existing pension fund investors in key utilities companies will be granted a long-term "stable return" if the party is able to press ahead with plans for renationalisation.
"Speculators" will not be disadvantaged by the "bonds for shares" scheme which would see a Labour government exchange existing shareholdings for government bonds, McDonnell said. During last year's...
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