What people think they know about railways is basically wrong, and people like Caroline Lucas can't be bothered to find out and tell them. The problem is that taxpayers have never wanted to subsidize fares like they have in other countries. So the Treasury looks to maximise revenue from train operators, which doesn't encourage low fares. This is where the reluctance to renationalize comes from- because finance ministers don't fancy raising the sort of tax for fare subsidies, not because they're all neo-liberal thickos. East Coast clearly did very well, but in terms of getting money back to the Treasury, the private bid will almost certainly be better at that.Rednorth wrote:Ed should really go hard on the tax haven stuff. People aren't impressed by billionaire tax dodgers who don't even live here telling us how to vote.
I sometimes don't understand the left; whereas the right finds a populist issue like immigration and exploits it to the full, where Labour's views coincide with popular views....like tax havens, railways etc, they seem reluctant to exploit it.
There are obvious criticisms of the fragmented privatized railway though- duplication, shareholder profits. But it basically works in terms of the sort of public money available.