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Is privatisation all it's cracked up to be?
shortchanged_2
Posts: 5,546 Forumite
http://www.bbc.co.uk/news/uk-29127788
As the state run East Coast rail returns a healthy profit for the government coffers is there a case for certain things to return to public ownership?
As the state run East Coast rail returns a healthy profit for the government coffers is there a case for certain things to return to public ownership?
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I'd take full re-nationalisation of everything if it meant I would no longer have to hawk myself around all those grubby 'comparison' sites.
''He who takes no offence at anyone either on account of their faults, or on account of his own suspicious thoughts, has knowledge of God and of things devine.''0 -
Hmm. A return to a 18 month wait for a telephone line and you have to rent your phone off the Post Office? No thanks.0
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Depends if there is any competition or not.0
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shortchanged wrote: »http://www.bbc.co.uk/news/uk-29127788
As the state run East Coast rail returns a healthy profit for the government coffers is there a case for certain things to return to public ownership?
given these very welcome profits , why have the fairs gone up by more than inflation?0 -
shortchanged wrote: »http://www.bbc.co.uk/news/uk-29127788
As the state run East Coast rail returns a healthy profit for the government coffers is there a case for certain things to return to public ownership?
As per the article you link to, private operator South West trains pays more into government coffers, so I'm not sure whether there's a case.Don't blame me, I voted Remain.0 -
given these very welcome profits , why have the fairs gone up by more than inflation?
Have the private companies fares gone up?0 -
mayonnaise wrote: »As per your article, private operator South West trains pays more into government coffers, so I'm not sure whether there's a case.
Maybe if the government owned South West trains it could keep even more for the coffers.0 -
shortchanged wrote: »As the state run East Coast rail returns a healthy profit for the government coffers is there a case for certain things to return to public ownership?
Looking at the accounts operating margin is about 0.7%. That's not a healthy profit - it's precarious. National Express' operating margin is 11.6%.0 -
Looking at the accounts operating margin is about 0.7%. That's not a healthy profit - it's precarious. National Express' operating margin is 11.6%.
I suppose.
How much does the government subsidise the private rail companies these days?0
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