Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the cost of renationalising British industries.

HMT has not made a formal assessment of the cost of nationalisations. However, in my speech to Policy Exchange on 30 January I referenced a report by the Centre for Policy Studies which suggests that the cost of renationalising energy, water, rail and PFI could be over £170 billion.