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British privatisation craze 'out of step' with global trends

BRITAIN is falling out of step with the rest of the world which is beginning to turn away from privatisation, a leading academic announced today.

In a new report for the Centre for Labour and Social Studies (Class) Professor Andrew Cumbers calls upon the British government to adopt new and diverse forms of public ownership.

He points out that many other countries are now moving away from privatised national assets. 

Since the year 2000, 86 cities worldwide have nationalised their water supply, including the US cities of Atlanta, Houston, and Indianapolis. 

In Germany, over 100 energy concessions have returned to public hands since 2007.

Professor Cumbers said: “The time has come for the UK to get in step with progressive democracies elsewhere and adopt new and diverse forms of public ownership.”

The paper’s publication looks ahead to the Labour Party’s national policy forum on July 18.

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