It was darkly funny to see Labour MPs claiming that nationalisation could fix signals failures when track infrastructure is owned and controlled by the state.
The public are consistently reported as being entirely relaxed about who provides their care. What matters is that it is high quality and free at the point of use.
Selling off the Royal Bank of Scotland without taking the chance to widen share ownership would be a wasted opportunity.
Onward, FREER, the revitalised CPS. The Tory MPs involved in all these will have to take some risks if they’re to get off the groumd.
“Competition doesn’t mean privatisation.” The full text of his speech to the Social Market Foundation and Joseph Rowntree Foundation.
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.
Plus: Corbyn’s lack of private sector experience. And, come to think of it, his lack of public sector experience. And: justice for Worboys’ victims.
“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.”
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.
20 per cent of Royal Mail is now owned by its staff and small investors – a privatisation I undertook. That’s what we should be doing with our remaining state shareholdings.
My local experience as a constituency MP has been a reminder of how nationalisation failed and privatisation works.
We now have a tried and tested case study to prove that competition in rail delivers better services, better value and higher satisfaction.
We spend so much time arguing about what it ought or ought not to do that we seldom consider its fundamental nature.
Ministers are likely to find a stake valuable – and may find it useful for targeted infrastructure spending.