Why nationalisation could be Burnham’s big gamble

It’s coming home.... British Steel will once again be, well, British after it was renationalised to “protect the future of steel production in the UK” - and that could be just the start.

Prime minister-in-waiting Andy Burnham has described water, energy, transport and housing as the “essentials of life” that should be run principally in the public, rather than private, interest.

But can nationalisation solve the fundamental issues privatisation was meant to solve? And if Burnham does deliver more services back into public ownership, what would be the trade-offs and ultimately the cost?

Niall Paterson is joined by Sky’s business correspondent Paul Kelso.

Have you got a question for Niall? Email us: why@sky.uk