In this Thread, I provide EVIDENCE that Labour’s plan will save money for people with cash pension pots..
The most recent valuation of the FTSE 100 I could get is Jan 2018, which is £2.054 trillion
BT therefore represents about 1% of the FTSE 100
(NB this is generous as BT’s share price is now lower than Jan 18)
BT would therefore represent 0.6% of someone’s cash pension fund.
Assume a worst case, a Labour government offers a 20% discount on BT’s whole share price (ie not just Openreach but everything) a 20% loss on £600 would be £120
So in year 1 after nationalisation someone would be £143 better off, if they have a £100k pension pot, by more if their pot is smaller.
Over 5 years the saving would be £1,195
This calculation took me a minutes of searching and simple maths. There is just one of me. The BBC and Sky employ hundreds in their news teams, and no one could do this?