The New California Republic wrote:Vassenor wrote:So the East Coast Main Line is being re-nationalised again.
Can't we just keep it like that given that it generated a net profit for the treasury last time?
I do firmly believe that it is in the public interest to keep transportation like rail in the public sector.
Since privatization, investment has gone up nine-fold, from £698m in 1994–95 to £6.84bn in 2013–14. However, reliability and punctuality has not improved at all during that time, staying at around 90%. Ergo, British Rail offered far better value for money in terms of cost to maintain reliability and punctuality.
Keep in mind that the infrastructure is still nationalised; Network Rail is an arms length public body of the Department for Transport.