I believe in a moderate level of state ownership, not as much as post war levels and more than in the post-Thatcher era. The Government now basically just has NATS, the Dartford Crossing and Royal Mail (I'm discounting the banks).
I think that the bus network is a very good candidate for nationalisation, fares are ridiculously expensive (£3.50 ($5.56) for just over 3 miles is a fucking joke). Privatisation had effectively led to local private monopolies/duopolies/oligopolies, which IMO are far worse than a public monopoly. The state could also re-invest a lot of the profit in the conversion to hydrogen. I would like to see the likes of school catering in the state's hands as well.
I still stand by my belief that if the Government retained some nationalised industries, the budget deficit would be much lower, due to the dividends. Privatisation raises a hell of a lot of money in the short term (see the massive budget surpluses and tax cuts during the second half of the Thatcher years), but in the long term it drastically reduces the money the Government gets.
