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Furious investors are preparing to fight Jeremy Corbyn’s plans to seize swathes of British businesses, arguing his nationalisation spree would be a “blatant breach of human rights” that could trigger a wave of lawsuits.
Shareholders and lawyers believe the proposals could breach international treaties and Brussels rules over state aid, and intend to fight them through the courts in a wave of legal action that could take years to resolve.
The Royal Mail, railways, water and energy utilities are all on Labour’s shopping list while the telecoms industry was blindsided last week after the party said it would renationalise Openreach, BT’s network arm, if it wins the general election in December….
