A key reason why the line was unprofitable is that Network Rail failed to deliver improved infrastructure – and it’s already in public hands.
Posts Tagged: Nationalisation
James Frayne: The most effective case against nationalisation is the one that neither MPs nor businesses want to use
The injection of the truth that it would mean politicians in charge of services is enough to make most people see sense.
If we fail, and usher in a Corbyn government, the price we will all pay does not bear thinking about.
Neil O’Brien: We Conservatives need to refresh ourselves to stop Corbyn. That’s why Onward is being launched.
Even in lefty France, socialist policies are now being dumped by Emmanuel Macron in favour of free markets. Now is the time to develop our next round of big ideas.
James Palmer: Solving the housing crisis needs proper infrastructure – Network Rail is holding us back
This wasteful bureaucratic behemoth is delaying the new stations we need. Conservatives should champion a radical approach with more competition.
Henry Newman: May is right – the EU cherry-picks whenever it is politically convenient. Brexit should be such a time.
From its range of tailor-made trade deals to its habit of allowing Member States to break the rules, Brussels is more flexible than Barnier’s rhetoric might suggest.
If, God forbid, Corbyn’s nationalisation fantasies ever come to pass, it will be in large part thanks to the offences of the worst public contractors.
“If it was the case that the Government… pulled out of contracts whenever a profit warning was issued, that would be the best way to ensure that companies failed and jobs were lost.”
The Government must always stand up to businesses’ excesses, without losing sight of the huge benefits that partnerships have brought.
Huw Merriman: Celebrate the successes of rail privatisation – and push for further reform to reduce fares
It would be wrong, and fruitless, to try to ape Labour by denying the clear improvements delivered since the end of British Rail.
The train companies have done a good job – the delays are usually caused by the state owned Network Rail which is responsible for the tracks.
WATCH: McDonnell – I refuse to a price on nationalisations, because if I did I would “lose that debate”
Despite not saying how much it will cost, the Shadow Chancellor continues to claim he knows “it will pay for itself”.
The Shadow Chancellor doesn’t know the current cost of debt interest.
How will Corbynomics work in practice? And how much will it really cost?
If we can win the argument for well-regulated, competitive provision of essential services in this sector, we can win it elsewhere.