Much of the support for renationalising the railways was grounded in the hope that state ownership would reduce rail fares (which are among the highest in Europe);

however, it now seems that will be unlikely, as any extra cash saved by nationalisation will be spent on maintenance, infrastructure & increased services (which in fairness are also what the network needs).

But as fares are what voters most immediately experience, how will this play out?

#railways #politics
https://www.bbc.co.uk/news/articles/ceqg73znzzeo

Labour cannot promise cheaper rail fares under renationalisation

Transport Secretary says she will "strain every sinew" so customers get value for money as SWR brought back into public hands.

BBC News

@ChrisMayLA6

I admire the German Deutsche Bahn model:

1. Buy and run four private train companies in the UK, including London Overground and the Grand Central line.

2. Charge Brits up to £2 per mile.

3. Use profits made in the UK to subsidise German train tickets (58€ per month, unlimited travel).

At least one nation has benefited from Thatcher’s privatisation.

@RaffKarva

Yes, its ironic isn't it..... or perhaps (if I was to be more judgmental) exploitative

@ChrisMayLA6 @RaffKarva

The other question is why not subsidise rail rather than roads? I don't know what the figures are for the UK, but in the US it's reckoned that state and federal income from fuel etc taxes is only around HALF the level of expenditure on roads - and that's without taking into account road transport 'externalities' (air pollution, congestion, accidents, noise and climate change) - and there's a study in the EU showing that when you do include these externalities ALL countries subsidise road transport. Yet there's very little controversy about public subsidy of roads, while the much more sensible subsidy of rail always seems to attract criticism.

@GeofCox @ChrisMayLA6 @RaffKarva I believe the hidden subsidy for railways in the UK has risen steadily since privatisation, though the direct fare price subsidy has gone down.