Renationalise all public services

Public opinion polls consistently show 70-80% support for the railways to be renationalised but the establishment parties (and UKIP) all ignore public opinion on this matter. When Caroline Lucas, the truly excellent Green MP for Brighton, tabled a Bill in Parliament to do so, she only received a smattering of support in Parliament.

Her arguments and those of other campaigners, are well argued on this YouTube video

I have three points to add. When our railways were denationalised, it was claimed this would improve services, cut fares and reduce public subsidies. The first two claims are obviously absurd – the third also false but the current £1+ billion/year subsidy is hidden from easy view.

The way it now works is that the government subsidises the non-profit-making railways and infrastructure whilst privately-owned companies receive the fares. After paying Network Rail an unrealistic low cost for using the railways, the companies then have enough left over to pay dividends to their shareholders.

In effect, denationalisation is a con trick in which government money subsidises the railway network so that the private companies can profit. It’s yet another instance of “us” (the passengers) being fleeced to support “them” (the shareholders).

Similar financial arrangements have enabled the utility companies to profit whilst us consumers pay more and more. The Conservative-initiated nationalisation of public utilities is simply a mechanism by which a rich share-holding minority accrue wealth at our expense.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s