Member

Amendment 15 would require the Secretary of State to commission an independent assessment to prove that nationalisation is in the public interest before the exercise of transfer powers. Industry figures have warned that nationalisation could cost billions of pounds and burden British taxpayers with large contingent liabilities, reinforcing the need for independent scrutiny before action. The amendment would introduce an objective check before a potentially multibillion-pound intervention is allowed, thereby ensuring that decisions are based on evidence rather than political expediency. We cannot have an indefinite and infinite Bill without proper safeguards.