Letter in the Financial Times: Privatisation has failed

Published on January 15

It is disappointing that unnamed Labour “colleagues” of shadow business secretary Clive Lewis should be criticising his statement about the privatisation of public services.

Lewis said “public good, private bad”. That reflects the views of many millions of Britons who have seen public assets handed over to be managed for private profit, an approach built on cutting the quality of services, eating away at the pay and conditions of workers, and shovelling public money into private hands.

Here in Sheffield, we’ve seen huge public protests at the management of our street trees by Amey plc.

Across the country, the privatisation of our NHS, with the importation of the failed American healthcare system with for-profit providers, is causing growing disquiet.

And as Green MP Caroline Lucas was pointing out yesterday, we risk seeing the essential purpose of the Green Investment Bank, to fund the infrastructure we need for an affordable, secure energy future, replaced with asset-stripping.

Public services need to be run for public good, not private profit.

That’s something that is now widely understood.