damerell: (trains)
damerell ([personal profile] damerell) wrote2011-09-22 05:42 pm

Rail privatisation

Paging [personal profile] hairyears...

graph showing rail subsidy quadrupling from 1989 onwards

I just found this gem in the McNulty report after a discussion on IRC. The three major British political parties are all opposed to railway renationalisation. Now, assuming that everyone in politics has not completely lost their minds (yes, I know, but one partner in any Faustian pact is in the role of Mephistopheles and no-one accused him of being mad), what do they know that I don't?

[It's not increased passenger numbers; they're up 57%, but with real-terms rail fares being up about 75% over the same period.]
watervole: (Default)

[personal profile] watervole 2011-09-23 09:55 am (UTC)(link)
I'm guessing, though I could be wrong, that the rise in fares helped to cover much-needed improvements in the system. I've seen big improvements in station facilities, better rolling stock and new signalling equipment.

The big risk with nationalised industries is that there may be an unwillingness to spend money when the budget is tight. (Mind you, with subsidies that large, we're spending it anyway...)