[Update] Jeremy Corbyn wins Labour Leadership

[Ignitionnet]

Originally Posted by Mr Banana

Wonder if he has thought how much it will cost to do that. I assume the likes of Virgin trains won't simply write off the 1.5 billion investment they have made in 70 new trains for the west coast line, over the last few years?

You did read this part of the post you quoted, right?

Mr Corbyn will announce that each route would be renationalised when its franchise expired.

I imagine the current operating companies would be entitled to no compensation at all.

Renationalising the railways is a policy that carries support across the political spectrum. It's not a controversial policy in any way. A pretty safe one for Corbyn to advertise, actually.

Originally Posted by Ignitionnet

You did read this part of the post you quoted, right?



I imagine the current operating companies would be entitled to no compensation at all.

Renationalising the railways is a policy that carries support across the political spectrum. It's not a controversial policy in any way. A pretty safe one for Corbyn to advertise, actually.

Yes I did read that part hence my question how much will it cost to renationalise. You assume they will no compensation but that's not the question.Virgin Trains/Stagecoach paid 4.8 billion for the franchise, spent 1.7 billion on trains and x millions on station upgrades. Do you assume they will just hand that across to the government or will the government have to pay for the infrastructure they inherit?

[TheDaddy]

Originally Posted by Hugh

Whilst I mostly agree with you, I think the Kuwaitis, Iraq Marsh Arabs, and the Kurds may disagree with you on the point I highlighted.

At the time we went to war he wasn't a threat to his people or his neighbours, not that it was one of the rationales used for war, it just became convenient once the lies and myths about wmds were exposed, if we gave a toss about the people there we'd have toppled him when he was at he's worst not when the country was stable

https://en.m.wikipedia.org/wiki/Rati...r_the_Iraq_War

Originally Posted by Mr Banana

Yes I did read that part hence my question how much will it cost to renationalise. You assume they will no compensation but that's not the question.Virgin Trains/Stagecoach paid 4.8 billion for the franchise, spent 1.7 billion on trains and x millions on station upgrades. Do you assume they will just hand that across to the government or will the government have to pay for the infrastructure they inherit?

I believe the plan is to take over the franchises when the terms expire.

[TheDaddy]

Originally Posted by nomadking

Along with the UN, which agreed to sanctions and a no-fly zone. How long should sanctions have gone on for?

How long should the civil war go on for? The sanctions would have remained in place as long as saddam was in place no matter how compliant he was with our demands. Another cynical ploy to get the Iraqis to do our dirty work for us after leaving them in the lurch after gulf war 1, I tell you if there is ever an accounting for what you've done America amongst others won't like the price they have to pay

[papa smurf]

Originally Posted by Damien

I believe the plan is to take over the franchises when the terms expire.

the problem would be once they take the first franchise back the others will stop investment and simply run them down .

[Osem]

I reckon that would do as much for rail users as what Miliband did for the utilities customers by announcing he'd be imposing price controls if elected.

[heero_yuy]

It always amazes me how gullible people think that nationalisation will miraculously make a service cheap and better.

At best the price will fall by the profit margin of the private company, typically 5% or so. Any further reduction would have to be subsidised by the taxpayer. i.e YOU.

Unifying a service in the state sector would simply make it vulnerable to strike action by unions. Do we really want to go back to the bad old 70's?

[Ramrod]

it would be illegal under EU law to renationalise the railways due to European Union directive 2012/34/EU”.

This was immediately followed up with a press statement from UKIP’s Transport Secretary Jill Seymour, who said: “As long as we remain members of the European Union, Britain is simply not allowed to do this.”

link
I detest Corbyn & don't want railways renationalized but I hate the EU and all their rules that they impose on us so I'm really conflicted over this.......

---------- Post added at 17:15 ---------- Previous post was at 17:05 ----------

Spare us from this moronic, deluded dinosaur:

McDonnell....names Karl Marx’s Das Kapital as a key influence on his thinking

link

Originally Posted by papa smurf

the problem would be once they take the first franchise back the others will stop investment and simply run them down .

Which they pretty much do anyway. Besides the largest part of investment in the Rail network still comes from the Government.

[heero_yuy]

Originally Posted by Damien

Which they pretty much do anyway. Besides the largest part of investment in the Rail network still comes from the Government.

Links please.

Originally Posted by heero_yuy

Links please.

I don't have a breakdown of it but I find it hard to believe that this isn't the case when HS2, Crossrail and National Rail are all government funded (although National Rail obviously gets money from the franchises). I mean where do the train companies have signifiant investment in the network? It seems only in rolling stock.

Just last year the Government announced £38 billion in more investment aside from the aforementioned projects: https://www.gov.uk/government/news/p...lways-unveiled

Every large scale investment comes from the Government.

[heero_yuy]

There's a shedload of difference between a major infrastrucure investment such as HS2 and the day to day investment in the rail services that people actually use.

[Osem]

Would that be a railway shed though?

[nomadking]

Just spotted this on a website that lists upcoming TV progs on UK TV.

Have I Got News For You, Season 50 - BBC One
02 October 2015
Paul and Ian are back with ten more episodes of the popular comedy panel show. The first episode is hosted by the new leader of the Labour Party, Jeremy Clarkson.