Tories will replace one privatisation system with another even though nationalisation would save huge funds and make profits for nation in normal times
The Tories have extended emergency funding to replace rail companies’ losses during the pandemic – a subsidy that has already cost UK taxpayers £3.5 billion, and has worked out around £100 per passenger-journey.
Some of the companies already owe the government money from before the pandemic.
The Tories also plan to end the failed system of franchising – which has seen the government provide regular huge bail-outs and re-take control of collapsing franchises – but not with the privatisation that would save the country money, reduce prices for passengers and bring in profits for the Treasury in normal times.
Instead, they intend to break down the privatisation system into even more fragments, offering ‘concessions’ instead of franchises.
As one mode of privatisation ends, it will simply be replaced with another. Never trust a Tory to do anything that will help the country when there’s an opportunity to enrich their mates and backers instead.
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