UK Labour Party assures commitment to nationalizing energy and water industries

Britain's opposition Labour Party will consult on the best way for parliament to determine the price of nationalising water and energy infrastructure, Labour finance policy chief John McDonnell said on Tuesday.

"We'll keep the options open. We'll revisit and consult on that but obviously, it will be parliament that decides," McDonnell told reporters. "We'll be as open and transparent as we possibly can."

Labour wants to nationalise energy and water infrastructure if it can oust Prime Minister Theresa May's ruling Conservatives from power, reversing decades of pro-privatisation public policy.