Privatised rail has meant 'higher fares, older trains and bigger taxpayers' bill'
Gwyn TophamPrivatised rail has meant higher fares, older trains and a greater bill for the taxpayer, with train companies diverting profits to shareholders with barely any investment, a report has found.
Researchers said the public was "bamboozled" by number-shuffling in the system and called for the abolition of train operating companies, concluding that the selloff of rail had brought little private sector investment in new technology and the most expensive fares in Europe.
The TUC-commissioned report, by the Centre for Research on Socio-Cultural Change at the University of Manchester, says private train companies depend heavily on public subsidy to run services. It claims that the halving of track access charges for companies since privatisation has resulted in a hidden, indirect subsidy from the taxpayer.
Pour citer cette ressource :
"Privatised rail has meant 'higher fares, older trains and bigger taxpayers' bill'", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), juillet 2013. Consulté le 08/12/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/privatised-rail-has-meant-higher-fares-older-trains-and-bigger-taxpayers-bill-