Discussion in 'SMB' started by Flared Hicks, May 16, 2018.
Breaking news on BBC
East Coast line to be put into public control
They 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.
Didn’t it run at a profit last time?
Easy to run it at a profit when you don't have to pay to operate it mind.
does it mean cheaper train fares though
Good if done properly
It seems like Virgin/Stagecoach didnt pay much either
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.
Will it balls.
I blame the unions.
Not on this occasion.
£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?
While I am far from being a socialist vital infrastructure should always be government run. Transport and energy being top of the list.
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.
So what will happen in this regard? Will Virgin's services essentially be running under government ownership/supervision?
Hopefully they knock the prices down a notch too.
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.
ps we give them money to run the line
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