Quote:
Originally Posted by jfman
And the state couldn’t do that?
As far as I can tell state run TOCs return profits to the treasury, and privatisation has left the loss making element (Network Rail) under state ownership anyway.
Consumers pay anyway, through the price points or through taxation.
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Most of the UK's train companies are state-owned anyway. Which treasury do they return their profits too?
German state-owned
CrossCountry (100%)
Chiltern (100%)
Grand Central Railway (100%)
London Overground on behalf of TfL (100%)
Northern (100%)
Dutch-state owned
East Midlands Railway (60%)
Greater Anglia (100%)
Merseyrail (50%)
ScotRail (100%)
West Midlands Trains (70%)
French state-owned
Eurostar (55%)
Gatwick Express (50%)
South Eastern (50%)
Southern (50%)
Thameslink (50%)
Transport for Wales Rail (50%)
Hong-Kong state-owned
South Western Railway (30%)
Italian-state owned
C2C (100%)
North West mainline (30%) (from December)
UK state-owned
LNER (100%)