Jeremy Corbyn says sections of industry may be nationalised

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Jeremy Corbyn, one of the four candidates for the Labour leadership, has caused controversy over remarks he made in an interview with the Independent on Sunday over his support for nationalising some companies.

In the interview with the Independent on Sunday Corbyn said:

“I think we should talk about what the objectives of the party are, whether that’s restoring clause IV as it was originally written or it’s a different one”.

The remarks drew criticism from the other leadership candidates, including Liz Kendall who said:

“This shows there is nothing new about Corbyn’s politics. It is just a throwback to the past, not the change we need for our party or our country. We are a party of the future not a preservation society”.

The other two candidates for the leadership, Yvette Cooper and Andy Burnham, also criticised Corbyn’s comments. Cooper said:

“I want Britain to double its investment in science to create 2m more hi-tech manufacturing jobs. We should be working in partnership with business, not spending billions of pounds we haven’t got buying businesses out”.