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Hi JezzaThey did a canny job last time. Vital Infrastructure like this should always be publicly owned and operated.
Far from it. Last bastion of Socio-capitalism here.Hi Jezza
Didn’t it run at a profit last time?
Hi TonyFar from it. Last bastion of Socio-capitalism here.
It seems like Virgin/Stagecoach didnt pay much eitherEasy to run it at a profit when you don't have to pay to operate it mind.
It seems like Virgin/Stagecoach didnt pay much either
does it mean cheaper train fares though
Will it balls.does it mean cheaper train fares though
I blame the unions.
£3.3billion was to run it from 2015 - 2023. Wasnt there something about it being structured so the majority of that figure was paid in the last few years of franchise or something similar anyway.They should have paid £3.3Bn - whether they did or not is irrelevant.
Now the Government will run it - and obviously not charge themselves to operate it, skewing the figures massively.
£3.3billion was to run it from 2015 - 2023. Wasnt there something about it being structured so the majority of that figure was paid in the last few years of franchise or something similar anyway.
It begs the question that if as a country we have to bribe private companies with funding to run railways to allow them to make profit is it worth all of the hassle when it could be run as it will be soon (for the 3rd time) by arms length not for profit company. Will it be DOR again?
Surely if a private company had all of the infrastructure and bailed as it wasnt making the profit they required and forecasted for then you have a national transport network screwed.If you sold the infrastructure - rails, locos, land - to a private company they'd have zero bother running it.
It's the fact we try and get greedy and want companies to rent it of the public purse.
Interesting fact, Network Rail is the third largest landowner in the UK.