The Brits already tried this after WW-II when Clement Atlee’s government nationalized certain British industries including railroads and coal mines and continued war time rationing for almost a decade after the war ended. These measures were an economic disaster especially the coal mines resulting in massive subsidies. Margaret Thatcher finally ended government ownership of major industries. Isn’t the definition of insanity doing the same things over and expecting different results?
Even Reform UK wants to Nationaloze Steele!