Analysis News

Tories extend emergency rail funding that costs taxpayer £100 per journey into company funds – yet will still not end privatisation

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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  1. Yes folks it’s Socialism for the rich and austerity for the rest of us in Bojoland.

  2. Err…Skwawky, did you mean “but not with the [nationalisation] that would save the country money, reduce prices for passengers and bring in profits for the Treasury in normal times.” ??

  3. I suspect the reason Tories like Russian gangsters so much is for the learning experience, rather than just for their money.

    “Boris, my dear, you’re doing politics all wrong, but we New Russian Capitalists can help – we can show you how to exploit a country efficiently”

    1. Why worry about nationalisation when you can hand over free money to your pals in the business community and keep the change…Approx 3.5billion in overpayment on furlough money.and they can’t get enough of imitating their bankster pals..Theres loadsa money from the Tory magic money 💰 scam tree..But none of them mention what happens to us when the money runs out and stashed away in their island getaways.Theiving is legal in the UK and the robberys so big that the money will run out and they will be long gone.and the country stripped bare…No pensions..No social security and No one to blame but the criminally insane who voted them in including the titled Sir knightly nice.

  4. Privatise the profits, nationalise the debts.

    Not content with getting as many people infected as they pretend they don’t intend to, they want to bleed them white, too.

  5. Financial pandemic will make Covid19 and No Deal look like happy hour in Spoons
    Good news is ‘we the people’ will own everything soon and then we get to send the fuckers to gaol and through the Proceeds of Crime Act take away their assets

  6. Good point made on one of the BBC chat rooms
    Tories funded by Russia
    Labour led by a Knight of the realm

  7. Temporary Embarrassment introduced by Cockwomble Ruth Smeeth
    2nd referendum and AS Scam
    Nuff said

  8. Twas the Russians what defeated Hitler
    27 million of them made the ultimate sacrifice
    Never Forget

  9. That fucking Starmer’s even using that fucking Blair’s voice coach now judging by his conference speech delivery.
    So many snotty digs at Corbyn I wanted to fix his nose for good this time.
    “Take another look at Labour – we’re different now – we’re not dangerous to anyone any more.
    Take another look at me. I’m just like Tony. You liked Tony, didn’t you?”
    He might be right that distancing himself from socialism will win him votes, but that might depend on events.
    When despair turns to anger Quislings and collaborators get strung up.
    If those at the top are betting on those at the bottom meekly swallowing more bitter austerity before they’ve shit out the last round, I hope their last hours trying to escape the people’s wrath are filled with the desperation and fear they’ve caused so many of us.

  10. “Don’t ask me nothin’ about nothin’, I just might tell you the truth”. Was that Bob Dylan or Sir Keir?

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