Friday 4 September 2015 by DavyWavy

Jeremy Corbyn pledges to nationalise the Conservative Party


Jeremy Corbyn

Jeremy Corbyn would take the Conservative Party into public ownership if elected Prime Minister, he announced last night.

Speaking in a channel 4 debate, Corbyn described the party as ‘not fit for purpose’ and emblematic of a society which puts profits before people.

Nationalising the party would be one of his first acts when elected, he said, pledging to end their history of ripping off consumers within 100 days of entering Downing Street.

Shareholders will not be compensated, he said.

“The Conservative Party exists to make millions for its shareholders whilst ripping off ordinary people,” he said.

“I don’t think it is unreasonable to suggest it should be run for the benefit of the people, and not its private backers.”

“By taking the Tories into public ownership, we could ensure they serve a social purpose for the first time in their existence.”

The venerable organisation has been privately-owned for more than two hundred years, during which time it has returned substantial profits to shareholders but is widely seen as having failed to adequately address customer needs.

Under Corbyn’s proposals, the Conservative Party would be administered as a democratic cooperative run by both workers and consumers, rather than the current unaccountable fat cats and business interests.

Historically, this has made things better every time it has been tried.

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