The last remaining chunk of National Gas – the network of gas pipes that fuels the entire UK – has just been bought by notorious bank Macquarie. However, what the sale of National Gas also shows is exactly how Labour’s Great British Energy con will function. National Gas: all bought outBack in 2022, National Grid agreed to sell a controlling stake in Britain’s gas network for £4.2 billion to an Australian-Canadian investment consortium. As the Times reported, National Gas:owns and operates Britain’s 4,700 miles of gas transmission pipes, which transport gas at high pressure around the country. Which is exactly what has just happened with National Gas – because the gas network was built by the government with public money back in the early 1960s.

Source: The Times July 29, 2024 14:11 UTC