The think tank said it was clear that EU law is not incompatible with state ownership.

IPPR thinktank rebuts claims that a leftwing Labour government’s hands would be tied by Brussels. / Britain could triple state aid spending to industry without breaching EU rules, according to a study that compares government subsidies to promote economic growth across Europe.

A post-Brexit deal should make it easier to build supermarkets, avoid tax and sue the UK, US business lobbyists say.