Railway companies renationalised

[JohnD]

Good move. Nice to know the country can afford it.

 

[noseall]

Good move

There will be much applause for the new left-leaning government and their newfound socialist ideas. It must be paining the poor old RWR seeing Labour ideas put into practice by their beloved Tories.

Poor bu££ers will be boiling inside. Lol.

 

[Bodd]

I'm applauding.. Good move

 

[Mottie]

If it has to be done, there’s only one party that can do it efficiently.

 

[noseall]

there’s only one party that can do it efficiently.

Correct.

 

[Bodd]

Correct.

You know who he means. Well done for putting the country first.

 

[SirGalahad]

If it has to be done, there’s only one party that can do it efficiently.

Come on mottie who sold it off cheap ? What about Grayling letting Virgin off and other companies billions in payments to the Gov.

Renantionalisation for 6 months - what does that tell you. The whole setup is socialising the costs, when things pick up they want to privatise the profits and run trains again.

These companies are fair weather capitalists, they avoid taxes, lobby for less regulations, then when things turn sour they come crying for handouts.

If you promote free markets then why do you want socialist policies when the market collapses? Why cant free markets provide a solution ?

 

[SirGalahad]

You know who he means. Well done for putting the country first.

Did these same train operators put the country first with their offshore opaque practices to avoid taxes?

 

[motorbiking]

Read the detail.

They are taking the P & L on and paying a management fee.

 

[Bodd]

Did these same train operators put the country first with their offshore opaque practices to avoid taxes?

I'm not arguing with you on that

 

[IT Minion]

Read the detail.

They are taking the P & L on and paying a management fee.

Nationalisation with some outsourced activities. Similar to the way DWP contracts ATOS for benefits services.

My question is: what will happen at the end of Covid-19? The current model is generally agreed to be naff. Alternative approaches suggested include more Privatisation, with train companies being responsible for the trains and their section of the track (vaguely Tory view), or keeping it nationalised(vaguely Labour view).

 

[SirGalahad]

On March 23 DfT said it would temporarily suspend existing franchise agreements and transfer all revenue and cost risk to the government for a limited period, initially for six months.

So when the worst is over what happens to any accumulated loss?

 

[IT Minion]

On March 23 DfT said it would temporarily suspend existing franchise agreements and transfer all revenue and cost risk to the government for a limited period, initially for six months.

So when the worst is over what happens to any accumulated loss?

The transport department will be running a greater than expected deficit and have to ask the treasury for more money. Just like all the other measures it'll get added to the national debt.

If we just hand the contracts back straight away once they're profitable then it will literally be privatised profit and nationalised losses. Which I don't like, but wouldn't be surprised by.

 

[SirGalahad]

The transport department will be running a greater than expected deficit and have to ask the treasury for more money. Just like all the other measures it'll get added to the national debt.

If we just hand the contracts back straight away once they're profitable then it will literally be privatised profit and nationalised losses. Which I don't like, but wouldn't be surprised by.

Exactly. They did that with East Coast, took it public, when it started to make a healthy return they made it private again.

East coast was returned to the public, which then operated profitably. Virgin then operated it for a few years and before it had to make its large repayments of about £1bn Grayling let them off the hook and brought it back under public ownership.

Fairweather capitalists.

 

[festive]

Exactly. They did that with East Coast, took it public, when it started to make a healthy return they made it private again.

East coast was returned to the public, which then operated profitably. Virgin then operated it for a few years and before it had to make its large repayments of about £1bn Grayling let them off the hook and brought it back under public ownership.

Fairweather capitalists.

BOCs and thats not Crooks