Relief rally boosts former Labour nationalisation targets

Billions of pounds was added to the value of businesses from BT and Centrica to National Grid as relieved investors drove up their share prices after the UK election extinguished the threat of Labour nationalisations. , which is now expected to invest in the UK’s broadband network alongside the telecoms group. The Labour party had sent a chill through utility and telecoms stocks by vowing to “bring rail, mail, water and energy into public ownership to end the great privatisation rip-off”.