Keep an eye on the ensuing avalanche of Compulsory Purchase Orders (CPOs) that apply to business, agricultural, and residential properties. The UK government has helped to guarantee and ‘derisk returns’ through regulations that favour asset owners over renters. CPOs inside Special Economic Zones (SEZs) are the cherry on top of the ‘public-infrastructure-pie’ of private equity.
Last October Labour published a 192-page document on CPOs. You can read it here.
The Labour government’s first King’s Speech included a Planning and Infrastructure Bill which would aim to reform the law on compensation for compulsory purchase. This is where land is acquired, without the owner’s consent, for a specific purpose in the public interest.
Ordinary citizens don't stand a chance.
Sir Keir Starmer handed over powers of 'governance' to 700 corporate lobbyists via a webinar last week, he added that the UK govt is now in a 'secondary position.' When will people truly understand what this means for their families, their communities, and public services? UK Citizens regions and infrastructure are being corporatised for profit, you are paying for the privatisation in the form of State aid which is public money, £11 billion 840 million has been allocated for businesses signed up to the UK’s 74 deregulated SEZs, that’s £160 million per SEZ.
Hidden from the public, all 86 free zones in the UK have an Investor-State Dispute Settlement (ISDS) equivalent called the London Court of International Arbitration (LCIA) which allows corporations to bypass domestic courts and sue govts for billions should a company argue that its right to pollute the environment, shred workers rights has been infringed upon. I have been joining the dots on the sell-off of the UK to corporate interests for about 6 years, Brexit was the catalyst.
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