Current Affairs The Labour Party

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…..Labour will re-Nationalise the Railways in their first term.

Terrific news, that will be such a popular policy.

It’s not that straightforward - what they’ve announced is taking the operating companies under public control but leaving the firms who own the trains (called ROSCOs) in private hands.

The ROSCOs were always the most profitable bit of the privatised railway, so although this will save money vs the current mess it will not be as efficient as one organisation (whether a nationalised entity like BR or a company like SNCF or DB) would be.

That said, once you have a monopoly on the service it would allow them to bully the ROSCOs into giving up by charging them loads for every broken loo, ingested carriage or dirty train.
 
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