Petra – (a bit of) what’s mine is yours. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. How much of a country’s essential industry should be owned by the government? In the UK, it is increasingly fashionable – notably among those with no memory of 1970s nationalised industries or 1970s fashions – to suggest 100 per cent. And not just in the case of Southern Rail. Or north of Watford. Nowadays, you’re as likely to hear water privatisation denounced as a travesty by an FT leader writer as a lefty leader.In France, government stakes can still be 20 per cent – which, if you tinker with the voting rights, is usually enough to prevent anything too commercial going on.But Tanzania, it seems, is positioned
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Petra – (a bit of) what’s mine is yours. FT Opening Quote, with commentary by...