Public ownership of industry 'would cost a fortune'

Former Labour minister Kim Howells has rejected leadership contender Jeremy Corbyn's call to renationalise some industries.

The ex-Pontypridd MP, who served under Tony Blair and Gordon Brown, said a return to "Soviet-style" publicly-owned industries would be "nonsense".

Mr Corbyn said he wanted to see services like railways and the Post Office returned to public hands.

But Mr Howells told BBC Radio Wales the world had "moved on".