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TOPIC: Corbyn exposes high cost of 25 years of private rail, and the figures are shocking

Corbyn exposes high cost of 25 years of private rail, and the figures are shocking 08 Nov 2018 11:43 #10868

  • TheFinnster
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It’s now 25 years since the passing of the 1993 Railways Act that privatised British Rail and subjected commuters to a quarter of a century of travel misery.

And as an anniversary gift, Labour has dropped some truth bombs about the staggering cost of this failed rail experiment.
Over to Jez

Calling privatisation a “catastrophe” and a “failure”, Labour leader Jeremy Corbyn laid out the facts:

He stressed that:

the taxpayer is putting more money into our railways than when we owned and ran them

And that:

the government is ploughing in around £5bn directly each year and another £4bn into the growing debt of Network Rail. Before privatisation, it was just £2bn in today’s money.

He also raised the issue of high season-ticket prices. From Rugby to London, for example, he said a season ticket has risen by around £2,000 under the Tories since 2010. Elsewhere, evidence suggests that this phenomenon is pushing commuters away from rail. And all of this during an ongoing climate catastrophe.

The rise in standard rail fares is also breathtaking. The Independent claims that:

peak-time single ticket from London to Manchester has increased by 238 per cent, from £50 to £169 – three times the rate of inflation during the period.

Mind the huge gap in the Tory response

The Tories’ response to Labour’s claims speaks for itself. Because they audaciously claim privatisation has:

improved the railways for passengers and taxpayers.

This is despite survey evidence showing that two thirds of British commuters believe their journeys do not represent good value for money.

www.thecanary.co/trending/2018/11/07/corbyn-exposes-high-cost-of-25-years-of-private-rail-and-the-figures-are-shocking/
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Corbyn exposes high cost of 25 years of private rail, and the figures are shocking 09 Nov 2018 10:14 #10901

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The Train Services are now so bad & Expensive I travel by Coach whenever I can. B)
The UK must be one of the few Country's in the World where The Railways are privately owned, and then on a just for profit model,
and to hell with the long suffering Public.

In most other Country's the Railways are owned and operated by the Government "Nationalised".
And are fast, Efficient and Run on Time, Something British Rail users have not seen for 25 Years.
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