Nationalisation and Privatisation

Question 1

Arguments FOR public ownership

Answer 1

• Not run as profit making ventures
• More money can be spent ensuring
• Respond to Freedom of Information requests unlike private sector
• Public have a say in how they are run, and decide on goal (e.g. long term energy policy)
Example: Water was in public hand, household water bill would be £80 a year cheaper

Question 2

Arguments AGAINST public ownership

Answer 2

• Higher taxes to provide the money to fund the business

* Inefficiency (Not worry about making profit)