Will Jeremy Corbyn Really Nationalise UK Companies?

THE WEEK: Morningstar columnist Rodney Hobson says that investors should bear in mind the possibility of a Labour government because of the impact it would have on share prices

Rodney Hobson 5 April, 2019 | 9:22AM

Jeremy Corbyn Labour Leader

It’s hard not to feel sorry for Theresa May. She does nothing and she’s out of touch; she takes action and she’s panicking. The last politician to be caught in this apparently no-win situation was Alistair Darling as Chancellor of the Exchequer, and he managed to sort out an almighty financial mess. The Prime Minister has so far found a similar triumph elusive.

Her latest wheeze has been to conjure up a meeting of minds with Labour leader Jeremy Corbyn, though that has gone down badly with all those who had been exhorting her to reach out across the chamber. The big danger is that the move raises Corbyn’s stature and improves his chances of becoming Prime Minister.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Stagecoach Group PLC66.80 GBX-10.40
United Utilities Group PLC906.60 GBX0.96

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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