Comment on South Western first rail firm renationalised by Labour
Tweak@feddit.uk 3 days agoRail contracts and train companies aren’t the problem. The problem is rail stock leasing, which has obsene prices and pushings the public-facing train companies to both be expensive but also run a paper thin margin. Nationalising the train companies won’t do anything about rail stock leasing, the government needs to focus on the root problem, not buy out the under-performing public facing business at a high price.
HumanPenguin@feddit.uk 3 days ago
First off the are not buying out any companies. These companies own nothing but a short term contract to provide service. The gov is just not renewing those contracts as the expire.
As for overpriced train leases. Yeah that is an issue. But only because the companies have temp contracts. So leasing is the only practice option. Long term GBR will have other options.