I cant bang on about this enough. Re-nationalise the rail! - - TopicsExpress



          

I cant bang on about this enough. Re-nationalise the rail! - Since privatisation in 1993, the cost of the railway to the taxpayer has subsequently more than doubled in real terms, a rise out of all proportion to the 33% increase in train services over the same period. - Since 2008, fares have risen four times faster than average wages. - The UK has the highest fares in Europe with profits extracted to pay shareholder dividends. - In 2012/13 Northern Rail, Transpennine Express and Virgin alone paid almost £100m in dividends to shareholders after receiving over £1bn in public subsidy. - Publicly owned East Coast Main Line is a success story, and in 2013/14 returned £216m to the UK Treasury
Posted on: Fri, 15 Aug 2014 09:11:51 +0000

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