I have to admit to being taken somewhat by surprise. This, at a casual glance appears to be actual policy coming out of Labour. Yes, it's coming from the Green's as well, but that's not surprising, they've had actual policy policies for quite sometime.
The idea of a central buyer works for the pharmaceuticals industry - or rather, it works for us in curbing some of the excesses of the pharmaceutical industry. It's not perfect, but it's significantly better than any alternative that I'm aware of. It'll be interesting to see how the idea of a central purchaser works for the electricity industry stands up to the economists and the pseudo-economist blogoshpere.
Another one or two of these and I might actually begin to consider the possibility that Labour could conceivably,at some point in the future, maybe get their shit together.