---
title: "Meaning & Key Takeaway of: New Labour has deregulated, liberalised…"
description: "\"New Labour has deregulated, liberalised and privatised - but every time the private sector fails it is the taxpayer who pays.\" — John McDonnell"
image: "https://sms4smile.com/quotes/i/a5d/john-mcdonnell-5730_every_new-labour-has-deregulated-liberalised-a_2854581.jpg"
---

#  New Labour has deregulated, liberalised and privatised…

![“New Labour has deregulated, liberalised and privatised - but every time the private sector fails it is the taxpayer who pays.” quote by John McDonnell](https://sms4smile.com/quotes/i/a5d/john-mcdonnell-5730_every_new-labour-has-deregulated-liberalised-a_2854581.jpg)   [Download](https://sms4smile.com/quotes/i/a5d/john-mcdonnell-5730_every_new-labour-has-deregulated-liberalised-a_2854581.jpg) [Open image](https://sms4smile.com/quotes/i/a5d/john-mcdonnell-5730_every_new-labour-has-deregulated-liberalised-a_2854581.jpg)

> “New Labour has deregulated, liberalised and privatised - but every time the private sector fails it is the taxpayer who pays.”

[John McDonnell](https://sms4smile.com/quotes/author/john-mcdonnell/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Privatization shifts risk to taxpayers when private failures occur.

**In simple terms:** Public pays for private failures.

Key Takeaway

Demand stronger private sector accountability.

Themes

economics taxation privatization

Mood

critical policy‑focused

Type

political advocacy

When to use this quote

- budget planning
- infrastructure
- social welfare

Key Concepts

public policy risk management

Questions to Reflect On

- How can taxpayers be protected?
- What reforms ensure accountability?

A Different Perspective

Regulation can mitigate risk.

★ ★ ★ ★ ★   No ratings yet

[Private sector](https://sms4smile.com/quotes/about/private-sector/) [Time](https://sms4smile.com/quotes/about/time/)

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