We demand that all public utilities and transportation networks be placed into public ownership. The only profits they will take will be those required for future investment.
Public utility networks (power, water, sanitation) and transportation (railways, buses, airports) are among the most privatised in the world, with this trend accelerating in the era of neo-liberal capitalism of the 1980s. As a consequence, they are also among the most expensive for the user. In spite of this, they are also some of the worst in the western world for quality of service.
Though privatisation enabled the corrupt officials of the day to raise money for their own pockets, it has produced permanent problems for the masses. It must therefore be part of the National Agenda to remedy these problems.
By placing utility infrastructure into public ownership, it eliminates the incentive to siphon money into the private purse. It also ensures greater regulatory ability with regards to managing these networks, given that the state is now the owner, and thus it makes the rules of operation as it deems fit. The ability to centrally co-ordinate and centrally finance provides the ability to loss-lead in areas of high use and low supply, which leads to a greater reduction in overall prices to the end user. The fact that these utilities will be publicly owned eliminates the pricing problem that you would otherwise get in monopolies.
Centralised ownership and management of utility and transportation networks also enables better co-ordination of activity so as to minimise disruptions to service. Different networks (gas, electricity, water, sanitation, railways, highways) will be easily able to collaborate and de-conflict with each other as a matter of routine when undertaking great infrastructure projects, which will not only reduce the administrative burden but also speed up these projects overall.
Utility networks and public transportation networks are essential elements of life for all British people, and the state must manage them to ensure that they are provided reliably, cheaply and universally.