In the News
Unified state control on track for the UK rail industry
20th May 2021
A review has concluded that the UK rail network needs not full re-nationalisation, but something akin to that - with unified state control of timetables and pricing, as well as control of the English rail network by Great British Railways.
However, private companies will be contracted to run the trains, although I wonder how attractive a proposition this will be for those companies that currently are train operating companies (TOCs).
Is this the best solution - combining the benefits of public and private sectors? Or is it a classic compromise - a solution that satisfies nobody
The Great British Railway U-turn? ITV News Consumer Editor @Chrisitv explains what the changes to the British rail network mean https://t.co/NlCP2GZDBa
— ITV News (@itvnews) May 19, 2021
— MTGS Economics (@mtgseconomics) May 20, 2021
Finally - a welcome admission that current privatised rail system has utterly failed
— Caroline Lucas (@CarolineLucas) May 20, 2021
But what a missed opportunity to bring rail fully into public ownership - resources should not be siphoned off to private shareholders @We_OwnIt #TakeBackOurTrains https://t.co/GIP7KYLzTn
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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