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Railways renationalised: Can Labour get Britain's trains back on track? | The New Statesman 

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Last night, Labour announced their plan to bring trains back into public ownership. Can Louise Haigh's plan really fix the dire state of rail travel in the UK?
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Train travel in the UK has become an increasingly painful experience in the past few years. Prices continue to rise at an astonishing rate, meanwhile delays, cancellations and strikes have become the norm. Many have simply given up on this mode of transport.
George Eaton, senior editor, spoke to the shadow transport secretary Louise Haigh ahead of Labour's announcement to discuss how renationalising the railways would work.
He joins Hannah Barnes, associate editor, and Freddie Hayward, political correspondent in the studio.
Read the interview here: www.newstatesman.com/politics...
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4 июн 2024

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Комментарии : 181   
@slightlyconfused876
@slightlyconfused876 Месяц назад
If a rail company makes a profit they keep it, if they make a loss they get a government bailout. Not exactly free market economics is it?
@WhataDubHead
@WhataDubHead Месяц назад
Correct. The most botched privatisation and no actual market in place. Note: this is why we should have full marketisation. Not public monopoly like nationalisation.
@trustmeimaphysiologist
@trustmeimaphysiologist Месяц назад
This is a massively underrated contribution.
@t5kcannon1
@t5kcannon1 Месяц назад
The railway system was part privatised, not fully privatised. Public ownership is viable but costly. Given the pressure on the NHS, in my view Labour should proceed towards public ownership of the railways, but with care and when resources permit.
@fightthepowerman
@fightthepowerman Месяц назад
Neoliberalism bb. If they're 'competing' in a 'market' then _obviously_ things will improve for the end user. Therefore the best thing to do is to base _everything_ on competition. We should make it so the government is only here to facilitate markets... If the currect owner of the exclusivity contract goes out of business though then the 'competition' of said 'market' is under threat. So according to this philosophy the government _must_ bail out big players once in a while. More important then survival of the fittest is the survival of competition itself. For instance if a couple of the bigger banks go under then the market won't be big enough to offer competition. They make up half of the market. And competition is whats best for the people. So in 2008 it _does_ make sense (through the lense of Neoliberalism) to bail out the banks who caused the mess and not the people being foreclosed on. People might _think_ they want to keep their homes but _actually_ what they want is... competition in the markets. People might _think_ they want schools and hospitals to be funded based on need but actually what they want is schools and hospitals competing... with those with the _best_ results getting _more_ money. People might _think_ they want trains and buses to just get them where they're going for the cheapest possible fare... but _actually_ they want to pay more to facilitate rounds of bidding and the need for profits. IMO its a stark reminder that we are systemically second to the interests of capital. But this system has only failed us for 40+ years now so maybe I'm being unkind.
@Joekd6.1
@Joekd6.1 Месяц назад
That's what they did with the banks 😂😂😂
@terrancedactielle5460
@terrancedactielle5460 Месяц назад
When it's cheaper to fly than catch a train and the profit is going abroad you know its all gone Pete Tong.
@WhataDubHead
@WhataDubHead Месяц назад
And why are flights cheap in Europe??
@-BY205
@-BY205 Месяц назад
​​@@WhataDubHeadnot only fights trains as well 😂? worldleading again i see 😂😂😂?
@khar12d8
@khar12d8 Месяц назад
It's perfectly normal that flights cost less than long distance train trips. It's the same in Europe largely. Planes are not constrained by tracks on the ground. Trains are expensive because we do not have enough capacity. This is a problem whether nationalised or not.
@stevo728822
@stevo728822 Месяц назад
A 17:40 flight from Heathrow to Manchester for tomorrow will cost you £229. Airlines make profits too.
@Demun1649
@Demun1649 Месяц назад
Who is Pete Tong? I know of a DJ, but he has never worked in the railway industry.
@tropicaltrev1617
@tropicaltrev1617 Месяц назад
Absolutely agree on the re nationalisation of trains, and utilities also!
@matthewhendy5785
@matthewhendy5785 Месяц назад
If they do this then their popularity is ensured.
@tonyaustin4472
@tonyaustin4472 Месяц назад
If there’s one good thing that’s finally dawned on the population; it’s that the private sector are utterly useless at running services, like energy, water, the railways…the list goes on and on. All they’ve managed to do is to extract money out of these services and enrich their shareholders and themselves; Thames Water is a classic example is it not. Let’s start with Rail, move on with Thames Water (Labour are home and dry with these) then move on to remove the private sector out of the NHS (look at their fees and profits they take out every year! Properly handled we can bring back dentists into the NHS umbrella. It’s time, and we should have 2 or 3 terms in government to do all of these and create a proper social democratic state that will never allow the rump of the Tory Party to ever regain power in our lifetimes…or in my case (I’m 76) my grandchildren’s lifetimes! We can do this; we owe it to them, do we not. My generation in the 60’s and 70’s dreamt of that in our ideal of a society based more on the community and less on the individual. I am one of those who believe that Thatcher was a disaster from which we have still not recovered. Finally here’s our opportunity to rid this country from the curse of selfishness and greed that she laid upon us.
@Evanpurdy
@Evanpurdy Месяц назад
You rock Tony 🤘
@beepboop306
@beepboop306 Месяц назад
Perfectly put
@superted6960
@superted6960 Месяц назад
You talk as though every publicly provided service in the UK is wonderful. It's not. They're crap.No innovation. Restrictive working practices. Overstaffed. Diversity Managers falling out of their ears. Going on strike because they can't work from home. Etc. Etc. Etc.
@PollieBrooon-cz5yg
@PollieBrooon-cz5yg Месяц назад
You should have lived through the 1970's decade of nationalisation, socialism and anarchy unions forever striking. Nothing worked...as Labour brought, decay and stagnation. UK in the knacker's yard by 1979.
@khar12d8
@khar12d8 Месяц назад
I don't think they are useless at running energy. I think they do a pretty good job actually. The system is just geared in such a way that people that do not make a switch from provider to provider end up paying more. But I switch regularly very easily using my phone. I also do not drive and have a pretty good experience of trains. It will be interesting to see whether Labour's experiments improve things. Let's remember it was the left that destroyed itself in the 70s. It was the trade unions that brought down poor Jim Callaghan. Maybe history could repeat itself? Once an industry is nationalised trade unions usually demand higher pay even more, and the govt gets the blame directly for not delivering. It was this sort of thing that caused the Winter of Discontent.
@t5kcannon1
@t5kcannon1 Месяц назад
If Labour re-nationalizes rail (which the present system is close to as it is), then please Labour do it for practical, not ideological, reasons. The NHS needs more money as a matter of priority! Resources are few; thanks Tories.
@stephenhodgson3506
@stephenhodgson3506 Месяц назад
When the railways first started they started to allow the transport of goods over large distances at speed. Passengers were an afterthought and were in effect the cherry on the cake. Until we can get freight off the roads and back onto the railways then there will never be enough revenue to allow for the reduction in fares.
@jackkruese4258
@jackkruese4258 Месяц назад
Good idea BUT Labour MUST make sure that the private rail companies don’t asset strip and load debts onto the books of rail companies just before they lose the franchises. And a few select committees won’t wash either.
@hectorkidds9840
@hectorkidds9840 Месяц назад
Luckily it's not set up in a way to make that a risk. The train operating companies don't own any assets, they lease the trains, and they lease the stations, they just deliver the service on a contract basis. Different to the water companies that own the assets.
@jackkruese4258
@jackkruese4258 Месяц назад
@@hectorkidds9840 I know they don’t own the assets but I wouldn’t trust them as far as I could throw them. Ive experienced enough about business to know that they’re quite capable of flat out lying about finances in the knowledge that they won’t be checked properly.
@katrinabryce
@katrinabryce Месяц назад
In England, 4 rail companies have been renationalised - LNER, South Eastern, Northern, and Transpennine. In Scotland, both the rail operators they are responsible for - Scotrail and Caledonian Sleeper, were renationalised. In Wales, their rail operator was renationalised Northern Ireland's railways were never privatised. In London and Liverpool, they have operating contracts for their railways rather than franchises, so Merseyrail, Overground and Elizabeth Line are owned by their respective local governments, but the actual operation is contracted out to a private company.
@andybrice2711
@andybrice2711 Месяц назад
Looking around the world, the optimal system tends to be similar to the one TfL uses. Some form of service contract. The state owns the infrastructure, sets the fares and the timetable. Hires a company to operate it, and pays them based on performance.
@stevo728822
@stevo728822 Месяц назад
TFL £9 billion in debt.
@breadbreaker500
@breadbreaker500 Месяц назад
British Rail under public ownership was terrible. I’m interested in an efficiently run service first and foremost, so if it does go under public ownership, ideally it would be run like a commercial business and not a government department….like Deutsche Bahn (Germany) and Nederlandse Spoorwegen (Netherlands) who own bus services in the UK and run excellent services in their home country.
@carrias1
@carrias1 Месяц назад
If prices stay about where they are, the government gets to keep the massive profits that most private rail companies make
@juanleahy2202
@juanleahy2202 Месяц назад
By good chance my wife & I visited parts of the Fens in eastern England, then Northern England & western Scotland last November, 2023. I am a retired UK citizen & we live overseas. Most of our travelling was by trains, but we also used buses & taxis. All of the transport services were clean & punctual with the very kind & helpful staff. There were no railway cancellations, no delays. We happened to be in the right places at the right time with appropriate Railcard tickets as required. Some people might say we were lucky or very fortunate and yes that could be true, but it shows when ‘things’ are right, how well the railways can operate. However, the UK needs a complete change of direction from the present very tired, morally & financially corrupt broken Tory government!
@simonray4664
@simonray4664 Месяц назад
Great pod, but as we increasingly see the evidence of privatised companies failing the end user while still 'somehow' manging to pay shareholder dividends and CEO bonuses it's a bit frustrating to still hear the continual trotting out of the idea that the private sector is somehow always better.
@colincomber8027
@colincomber8027 Месяц назад
It would nice to get Water Companies back into public ownership too.
@1sostatic
@1sostatic Месяц назад
Privatising rail is an obvious mistake ... when focus is on shareholders and sifting excessive profits out of the country is the priority , the passengers and Britain loses out.
@WhataDubHead
@WhataDubHead Месяц назад
With that logic, why stop at rail? Why not nationalise most things if we get a better outcome and profits stay in the country?
@1sostatic
@1sostatic Месяц назад
@@WhataDubHead Rail is unique with these private comopanies subsidised by us, the Tax payer ... whether they have 1 passenger or 20 million passengers they still keep the profits with no strings. Its an obvious gravy train (pardon the pun) with profit being the only interest... otherwise , stick with the status quo ... fine by me.
@WhataDubHead
@WhataDubHead Месяц назад
@@1sostatic yes there is no market, just contracts handed to companies giving them a monopoly on the line. But if multiple companies operated on a single line, true market competition like airline companies on a single runway, then that would deliver far better outcomes for consumers than a public nationalised monopoly.
@MrJaspett
@MrJaspett Месяц назад
"Operators aren't happy" 😂
@KR-rs3vn
@KR-rs3vn Месяц назад
Operators aren't happy??! Oh how our hearts bleed for them. We passengers - or "customers" as they call us are even less happy. If you see something that doesnt look right...
@davidhodgson3901
@davidhodgson3901 Месяц назад
Prices are high mainly because the rolling stock is procured in a PFI type scheme then leased back to the rail operators. This is very difficult to fix.
@johndewhurst6609
@johndewhurst6609 Месяц назад
If Train companies get renatioalised any profits will go back to the government and not shareholders many from abroad. When the company running the east coast line went bust it was run by the government and made money for the country. Also a public run railway system with realistic fares will help with cutting emissions from cars and help wih cutting co2 emmisions and help to combat global warming.
@emjackson2289
@emjackson2289 29 дней назад
LNER though is pretty unique insofar as the ECML has always worked. Its far harder for even a nationalised railway to make money from trains that have to stop every 3 minutes & are plagued by fare dodgers. I get your overall gist, but I'd hesitate to say Northern will make the Government any money.
@emjackson2289
@emjackson2289 29 дней назад
"Dire state of rail travel in the UK" - it all depends on the type of trip you undertake and where in the UK you undertake said trip. Let's start with - as you've said, the UK - the smallest chunk, Northern Ireland. Straight away, you've got the issue there's (a) different track gauge (b) there's no lines West from Derry or South from Derry to Eniskillen or for that matter, West from Belfast < > Dundalk < > Dublin Connolly, Enterprise corridor & there's no Iarnrod Eireann station at Dublin International so as to facilitate NIR/IR Enterprise services to it (nor is there a station for Belfast International, the one near Lough Neagh). Wales and TfW - (a) quite simply, Welsh geography mitigates against the most vital infrastructure project there can be, a West of Wales Mainline so not every train needs to go back to Swansea > Cardiff > Newport then North either on the Heart of Wales line or out, via Birmingham, North (b) Wales needs electrified railways, not simply an electrified line from Severn Tunnel Junction to Cardiff Central Scotland & ScotRail (a) full electrification for one (b) Edinburgh and Glasgow; both need something like TfL where everything locally is ran under one ticketing structure. England (a) Labour need to positively explain why we need HS2 - more capacity around B'ham means more track availability elsewhere to run stopping services (b) HS2 needs to go to Liverpool, Manchester and Leeds (c) full electrification (d) a new M62-corridor Express railway to lift traffic off the M62 (e) look at reopening the Woodhead line between Sheffield and Manchester (f) EuroStar service running from Leeds For me though, I don't care *who* runs the trains so long as they work, I don't want politicians running trains in the same way I don't want Brain Surgeons trying to be administrators in hospitals. Yes, under the umbrella "UK Rail" (or certainly "British Rail" for most services bar Scotland's internal railways and Wales internal railways ), with all one colour scheme bar those exceptions noted and one fare structure, but the people running the actual trains could be JR East or SNCF or RENFE as far as I'm concerned, so long as the interface organisation that's currently called "Great British Rail" set the overall strategic direction of service for passengers & for freight.
@macsmiffy2197
@macsmiffy2197 Месяц назад
I’d rather they took the water back first. Everyone would benefit from it.
@BoyeeSmudger
@BoyeeSmudger Месяц назад
I wonder what the tory press have to say about this. Not used a train in years, much rather get the train so I can drink. But cheaper to get a hotel, pay for parking and fuel.
@mobilephil244
@mobilephil244 Месяц назад
Why not nationalise everything; after all, look how well the NHS works! Remember the railways when they WERE nationalised ? Ceaseless strikes, work-to-rules, sympathy-strikes, walk-outs, flying pickets, cancellations, more strikes and even more strikes - oh, and did I mention the strikes ?
@syedadeelhussain2691
@syedadeelhussain2691 22 дня назад
The quality and delivery standard of railways is absolutely superb in SE and NE Asia. Just look at the Japanese nuclear-powered trains, the Chinese High-speed trains, the Singaporean subway linked to the MRT network, Monorails and LRT in Malaysia, etc. Absolutely outstanding.
@archie7218
@archie7218 Месяц назад
There are literally no inherent benefits to privatisation of industry where a natural monopoly exists. Except in the very short term. Hence why privatisation of telecoms worked and water and rail havent.
@catherinemartin6258
@catherinemartin6258 Месяц назад
5 out of the 12 rail companies are bk in public ownership already and they are giving a better service than the private ones .
@JimRoberts86
@JimRoberts86 Месяц назад
Always enjoy listening to Freddie
@dazzwsmith
@dazzwsmith Месяц назад
Tory privatisation of the railways has been a horrific waste of money.
@stevo728822
@stevo728822 Месяц назад
People complain that air fares are cheaper than train fares. All airlines are private companies.
@lunaskye621
@lunaskye621 Месяц назад
It’s been proven that the railways are profitable when nationalised with quality of service and cost more appealing to customers. With privatise franchise model, the loses are enormous. From my understanding, no service provider has been profitable. It’s disgusting what the government is wasting tax payer money on. Makes me so sad. I don’t even want to look at my pay slip these days.
@Jaaj2009
@Jaaj2009 Месяц назад
It has never made any sense to sell any required public service to the private sector. The result is always the same, short term boost of investment to get the deal in the first place and then they bleed the service dry. Their aim is to deliver the minimum service at the cheapest possible price and make more money every year. There is no effective competition and no real market forces, it doesn't work and never has. The post office is another example, now flouting contract to focus on the most profitable area of the business. Saying prices won't fall is not the point, if its in public hands then at least the money is being invested in the service itself and not calved out as profit. It also means the government in better times can run the service at a loss as a public good. None of this can happen if its in private hands without government investment/subsidisation anyway
@beatricecowley4307
@beatricecowley4307 Месяц назад
Its worrying that you can fly abroad (if Europe will still have us) for the same or less than what you pay to go around the Uk is very worrying. I am am lucky i dont need to use the trains very often. But if I had to use the rail net work i think cost would a consideration. As would being able to get to where I need to pay.
@gogosegaga
@gogosegaga Месяц назад
I’m paying £650 a month for my train ticket to commute to London everyday. This is the only policy that matters to me. I hope Labour have the guts to make this policy happen and reduce the fare prices drastically.
@stevo728822
@stevo728822 Месяц назад
No chance of fares falling.
@gogosegaga
@gogosegaga Месяц назад
@@stevo728822 why
@slightlyconfused876
@slightlyconfused876 Месяц назад
Prices are high because of the money paid to owners in dividends.
@lewis123417
@lewis123417 Месяц назад
Massive simplification of a global increase in energy cost
@stevo728822
@stevo728822 Месяц назад
Nonsense. Profit margin is 2% at best.
@AussiePom
@AussiePom Месяц назад
But it was never truly privatised from the start it was franchised and doom to fail. The TOC's could only compete on price for their franchise and nothing else. Other countries have gone down the privatisation route but only the freight trains have been privatised not the passenger trains which have remained under state control because it's too politically difficult to successfully privatise passenger trains. One TOC went bust and that franchise returned to the government whereupon it made a profit so the idiot government re-franchised it again. If it had been properly privatised then the train operator would have had control over timetables, fares, track and signal maintenance, stations and trains but they had none of that. The franchise operators are double dipping for not only are they charging high fares but the government is using taxpayers money to "prop" them up. Re-nationalise the passenger trains and leave the freight trains in private franchise hands.
@IraqiNews-bp5zo
@IraqiNews-bp5zo Месяц назад
Enjoyed it. Thank you. On top of your nice presenters, it might be a good idea to include people from the industry & the union.
@s.j.s601
@s.j.s601 Месяц назад
Like you all a lot. Professional, intelligent, forward thinking. I don't live there, however you help me prepare and understand the crazy that might be coming across the pond. 😂❤️
@khar12d8
@khar12d8 Месяц назад
A potential danger for Labour is that nationalised railways will encourage the already fairly assertive trade unions to be even more assertive and demand higher pay. And a Starmer govt gets into a big ding dong with the RMT etc...
@schofield4836
@schofield4836 Месяц назад
So young this lot! Not enough wisdom/experience to draw on … like a university student common room
@PollieBrooon-cz5yg
@PollieBrooon-cz5yg Месяц назад
Brilliant comment, they know nothing about the 70's decade of misery...ie...socialism, nationalisation and anarchy unions.
@rhobatbrynjones7374
@rhobatbrynjones7374 Месяц назад
The first railway was in 1804 in Wales.
@stevo728822
@stevo728822 Месяц назад
Wrong. It was in Leeds in 1758. Get an education.
@rhobatbrynjones7374
@rhobatbrynjones7374 Месяц назад
@@stevo728822 Not steam hauled until 1812.
@pamplemouse5
@pamplemouse5 Месяц назад
Tenner says they'll be sold again within the decade.
@t5kcannon1
@t5kcannon1 Месяц назад
Yes, but I do hope not.
@JP-sm4cs
@JP-sm4cs Месяц назад
If the tories get back in
@Demun1649
@Demun1649 Месяц назад
You are not a student of international railways. No renationalisation has resulted in future sell-offs. Your party cancelled the first NATIONAL RAIL PROJECT in 150 YEARS. You are too simplistic, and ignorant of reality and facts.
@clivebroadhead4381
@clivebroadhead4381 8 дней назад
The urban railways of West Yorkshire need to be electrified to match London. The British Transport Commission of the post war Labour Government was responsible for an integrated transport system of road, rail and waterways, including ports. Under the BTC were the Railway Executive, the Road Executive and the British Ports Authority. How are the proposals different? Will the Government sell bonds to fund investment in electrification to match Switzerland?
@alexnowis2468
@alexnowis2468 Месяц назад
If implemented correctly, this can work, but for the public to maximise the full benefits, we need the rolling stock as well! Get it done!
@rageagainstmyhatchet
@rageagainstmyhatchet Месяц назад
Why not take the train? I lived 5 minutes from a station, and my office was 5 minutes from a station on the same main line, about 30 miles away. Taking the train was more expensive, more stressful, less comfortable, and less reliable, than driving my car solo, through traffic jams everyday. Trains are only rubbish. Renationalisation can't make it worse.
@PollieBrooon-cz5yg
@PollieBrooon-cz5yg Месяц назад
get ready for big tax increases then.
@faves2064
@faves2064 Месяц назад
Strikes are a symptom that shows how degraded the railway industry is in this country. They did not cause the issues we're suffering from. Just look at Southern before the strikes, that was a total failure and an indicator of where things were going.
@alanshepherd4304
@alanshepherd4304 Месяц назад
Well they never have done whenever they have been in power before. Labour are in the pockets of the unions, as always, the railway unions are among the most powerful and beligerant of the unions. Its a fantasy that a Labour will be able to sort out Britain's railways!!!🙄🙄
@ThePlayerOfGames
@ThePlayerOfGames Месяц назад
5:40 "Completely unfunded" and "Where's the budget" are completely laughable in the face of crashing out of the EU with 0 (zero) plans, forecats, COAs. Especially when money is made up, as long as the project improves GDP and happiness more than the cost of creating the money there's no problem.
@carlosgravil3325
@carlosgravil3325 Месяц назад
They make profit out of them - they are monopolies. How's that going to work? the same as the utilities. A monstrous waste of money going to the 1%. Look at water!
@matthewleitch1
@matthewleitch1 Месяц назад
The problems with the rail system will not be solved by changing the people in charge. They relate to the complexity of the system, the age of some elements, our geography, and the simple fact that rail travel is not as sustainable as often thought. Once you factor in consumption outside the trains and consider services where there are not many passengers you end up with something that is too expensive for just about everyone and has to be subsidised. There must be better technologies than rail -- certainly rail as currently done.
@PhilipWare-bf6ec
@PhilipWare-bf6ec Месяц назад
The rail industry has been subsidised for as long as it has been in existence. Profitable routes subsidise loss making routes and the companies try to make an overall profit. Rail history is littered with examples where losses outstripped profits and companies went bust or were bought out by rivals.
@beepboop306
@beepboop306 Месяц назад
The UK is largely flat, the only area where trains would face issues is the highlands. And rail is far more effective at moving people than cars and planes, taking less time and money than both. If the trains are affordable and work, people will return and help offset their costs. The focus of trains shouldn’t be profitability, but getting people from A to B
@matthewleitch1
@matthewleitch1 Месяц назад
@@PhilipWare-bf6ec I was referring to the overall subsidy of rail by the public purse. That is in addition to the cross subsidy between services. Subsidy of the industry as a whole usually involves funding large projects but this does not change the fact that, without the subsidies, fares would have to be significantly higher to fund continued development and renewal of the network. The difficult fact is that running the rail system costs a lot of money - more than customers are willing to pay - and many travelers have alternatives. The slow return to using rail after the pandemic is an indication of this. I used to commute into London daily for work. I don't have to now and that's a joy. It was a horrible, tiring, lengthy experience.
@deanunio
@deanunio Месяц назад
You get delays in Germany and Italy, and the US and Australia have awful rail infrastructure and trains. The reasons the railways are so bad in the UK and expensive is the unions holding the industry to ransom for ridiculous pay rises
@rockerjim8045
@rockerjim8045 Месяц назад
love travelling with Transpennine Express. Always cancelled and get your money back. Free travel.
@matthewleitch1
@matthewleitch1 Месяц назад
It's risky. They would need to spend a lot of public money to regain control of the industry and there is no guarantee that civil servants will be any better at running rail than the people currently doing it.
@beepboop306
@beepboop306 Месяц назад
Labour is proposing this now because many franchises are set to soon expire. Furthermore, when the main focus isn’t keeping training costs as low as possible, more money can be used to train staff than pay shareholders
@matthewleitch1
@matthewleitch1 Месяц назад
@@beepboop306 Whatever the timing of the franchises, to nationalise rail requires buying all its stuff - trains, railways, stations, systems, etc. If that is not done then there is nothing to physically run the rail system. That's why it's expensive. There would also be a period of at least several months where rail employees are wondering what the future holds and nothing much gets done other than the basis of running the trains. It's going to be disruptive. The problems of rail will not be solved by not having to pay financial backers dividends. The value of having shareholders lies in their willingness to provide financial support on very flexible terms and in their choices about how to direct finance away from badly run businesses with bad ideas and towards well run businesses with good ideas. If investors are not doing that then either civil servants have to do it (and be paid for their efforts) or it is not done at all and the industry will slowly slide into an exploitative monopoly, increasingly run for the benefit of its employees and with customers getting worse and worse service. If we think the current shareholders are doing a bad job then there might be some value in changing the shareholders in some way but it really does not have to be civil servants doing the investment management.
@kiwitrainguy
@kiwitrainguy 21 день назад
The answer is to not have the railways run by civil servants, or politicians for that matter. Set the railways up as a state-owned organisation that decides for itself how it is run and pays a dividend to the government, aka the taxpayers.
@matthewleitch1
@matthewleitch1 20 дней назад
@@kiwitrainguy A monopoly rail system? That sounds even more risky.
@kiwitrainguy
@kiwitrainguy 20 дней назад
@@matthewleitch1 The UK had a monopoly rail system from 1948 until whenever it was that this so-called privatisation came in to being. Most railways in the world (the notable exception being the USA) are monopolies, but of rail only, not of transportation as a whole. Alternatives exist and should always exist in the marketplace to ensure competition leading to efficiencies and economies of operation.
@archie7218
@archie7218 Месяц назад
How much would it cost the government under a nationalised system to reduce fares to european prices?
@stevo728822
@stevo728822 Месяц назад
Rail fares should not be subsidised.
@susanmills4843
@susanmills4843 Месяц назад
They were never on time and were out on strike continuously. No change just a hell of a lot of money wasted.
@kevinrichard100
@kevinrichard100 Месяц назад
The EU Single European Railway is becoming cleaner every month. Switzerland, Lux and Belgium approaching 100% electrification. UK only 38%. We still rely on dirty diesels polluting our stations. Clean Air is a Human Right - recent ECtHR case.
@ParcBlondel
@ParcBlondel Месяц назад
You believe a Starmer promise? Wow!
@Demun1649
@Demun1649 Месяц назад
Yet you believe the Tories? You look at 14 years of incompetence, and compare it to two years as a leader, NOT IN POWER! You are lightweight.
@ParcBlondel
@ParcBlondel Месяц назад
@@Demun1649 Did you know it is possible to believe TWO parties are BOTH incompetent. Just because one is not QUITE the other, doesn't make them worth votin for.
@PollieBrooon-cz5yg
@PollieBrooon-cz5yg Месяц назад
Privatisation has transformed railways for the better, locos, carriages, stations, safety..... everything vastly superior to the disaster of nationalisation.....which guarantees big tax increases and investment collapsing.
@nickinthefield4202
@nickinthefield4202 Месяц назад
Sums Britain up..paying more for the crappiest service..
@lucitonstjames3925
@lucitonstjames3925 Месяц назад
BR in its last year of operation cost the taxpayer to subsidise the regional railways & Network South East sectors £439m pa. InterCity / railfreight / RES parcels all stand alone business sectors requiring no subsidy or cross subsidisation. The tory government giving BR no money to buy new rolling stock, the money coming from asset sales & fares, with the government authorising BR to spend its own money with a 8% rate of return demanded on the investment, so 31 IC225 trains for the ECML doing the work of 39 IC125 trains, 2 car sprinters doing the work of 6 coach trains, the singling of lines to save money, the huge land developments at Liverpool St to bring in the money. So as you can see when it was nationalised it was run as a very efficient set up. Privatisation was meant to set the railways free of government control & in the begining it did. What can be argued now is that the railways are not privatised enough as the DfT macro manages every TOC down to the what seats can be specified for the new train fleets. Even BR not suffering that level of interference / oversight. So nationalising the railways isnt that hard, the problems being with the leasing companies & the freight hauliers. take DB Cargo the German state owned freight company who cant afford the electricity to run electric locomotives to haul freight trains, who have a fleet of channel tunnel freight locomotives that when they are maintained at Crewe depot, they have be towed by a diesel locomotive from Crewe to Dollands Moor in Kent. Locomotives designed to haul freight be it on the 25kv / 750 dc from Mossend in Scotland to Calais, yet confined to HS1& the channel tunnel. Just had the issue with Trans pennine express of its 12 strong fleet on new mk5 nova 3 sets taken out of service to save money, with passengers being crammed onto the trains they where meant to replace , the new fleet parked up in MOD yards & towed to Longsight depot in Manchester to be serviced , again woeful wastes of money. Privatisation has been nothing but a mass exercise in wasting money. Customers on the ECML & GWML seeing the new Hitachi IET trains, for the first time ever new trains being introduced that have not seen services speeded up or a step up in quality, again these trains being afflicted by cracks in the bodyshells because of poor design / lack of basic engineering competence in designing rolling stock & the Dft minions who just dont have a clue except how to count every penny. With privatisation the idea that third rate bus companies who struggle to run buses properly like First / Stagecoach/ Go Ahead & National Express should be running trains was laughable. Anyone who ever endured First Manchester buses knows full well you wouldnt let First group run a model railway let alone a real one. As for Stagecoach a company with such a toxic brand it had to hide behind Bransons Virgin brand.
@MrTzimisces
@MrTzimisces Месяц назад
If Labour doesn't nationalise the rolling stock, then it won't make a blind bit of difference.
@kayedal-haddad9294
@kayedal-haddad9294 Месяц назад
Is that what Network Rail currently has control over?
@dougaltolan3017
@dougaltolan3017 Месяц назад
The plan is all of it: tracks, trains, sales, the lot. Edit. I was wrong, see other comments here re rolling stock.
@PhilipWare-bf6ec
@PhilipWare-bf6ec Месяц назад
@@dougaltolan3017 No it is not. Network rail is already a public body and owns all the infrastructure. This is where the majority of HMG funding on the railways is spent. The operators have contracts for a fee paid whether trains run or not to provide the service. The rolling stock is not going to be nationalised so the inevitable outcome will be the rolling stock companies holding the operating authority ie HMG to ransom and demanding higher fees to rent the trains to the nationalised industry. Bet it ends up costing more than it does now.
@PhilipWare-bf6ec
@PhilipWare-bf6ec Месяц назад
You are so right. See my post below. Rolling stock prices to hire will go up as there is no other source available so any cost saving from nationalising the industry will be lost in these increased costs.
@rockerjim8045
@rockerjim8045 Месяц назад
All new build trains can be owned in-house . All existing contracts are set in Stone. That sums up the Con in the Conservative Rail Privatisation policy.
@chris39527
@chris39527 Месяц назад
Get the trains right and they'll be odds on to be re-elected in 2029
@lheureexquise140
@lheureexquise140 Месяц назад
"The grown-ups back in charge" again. Who thinks this is persuasive line? As for 'Great British Energy' and 'Great British Rail'. neither are actually nationalisations when you look at the details; both are rebranded privatisations. However, politically, they may help to persuade some of the more gullible Labour voters (and whatever sort are there?).
@dougtsax
@dougtsax Месяц назад
S.B.N- stop background noise
@rogerpitcher2636
@rogerpitcher2636 Месяц назад
Work where you live - that should be Labour's policy.
@terrancedactielle5460
@terrancedactielle5460 Месяц назад
Why?
@slightlyconfused876
@slightlyconfused876 Месяц назад
Not exactly practical for everyone. And if your bosses say you have to travel to a meeting it is impossible.
@kicorse
@kicorse Месяц назад
"Make it possible to work where you live" would be an excellent policy. I think that most people would like to do so.
@rogerpitcher2636
@rogerpitcher2636 Месяц назад
@@terrancedactielle5460 Time commuting is lost productivity, especially if everybody is driving because the train it prohibitively expensive. When i was working I could walk to work in 20 minutes.
@mrD66M
@mrD66M Месяц назад
That sounds all good in theory but in practice what it means is, forget about aspiring to better jobs (most involve commuting), get a local job that has very little to do with your ability/skills etc Fancy doing a bit of farming do you? Maybe some chimney sweeping, guttering?
@liaminwales
@liaminwales Месяц назад
Rail and bus services need work.
@tonyaustin4472
@tonyaustin4472 Месяц назад
Pollie :-) I did, but it was a lot more complex than you seem to suggest….life is never as simple as Daily Mail headlines! Jim Callaghan was a far better PM than his successor I’m afraid: his mistake was not to go for the Election earlier than he did when he was way ahead in the Polls. And to be honest; I think even Mrs Thatcher must be turning in her grave at the horror and incompetence of the current right wing extremists that control her once admirable Tory party.
@laurenceskinnerton73
@laurenceskinnerton73 Месяц назад
Unlikely.
@hp1587
@hp1587 Месяц назад
Like the new presenter
@Darren-pq5oc
@Darren-pq5oc Месяц назад
I would rather have tax cuts
@terry9819
@terry9819 Месяц назад
A Labour policy from Labour! What have they done with Keir Starmer and who is this imposter?
@MiPointIs
@MiPointIs Месяц назад
Of course Labour can do it because if they can’t then nobody can! Labour need to restore public confidence that we can turnaround the awful dire mess the Tories have spent the last 14 years creating. Positive Mental Attitude must be the new mantra. If you don’t try to improve a situation then you’ll never know how many barriers you can overcome!
@georgenewham5916
@georgenewham5916 Месяц назад
Where is Andrew Marr??
@andybrice2711
@andybrice2711 Месяц назад
I demand New Statesman release photos to prove he is safe.
@georgenewham5916
@georgenewham5916 Месяц назад
@@andybrice2711 Hes back 😍
@PollieBrooon-cz5yg
@PollieBrooon-cz5yg Месяц назад
Another Labour Luvvie.
@Idle-Days
@Idle-Days Месяц назад
The rail network is already nationalised as are some of the rail operators. Anyone that thinks we will get an improved service while we cancel new track is in for a shock.
@danielcreamer9669
@danielcreamer9669 Месяц назад
Comprehensive reporting per the usual!
@prashantkotak5181
@prashantkotak5181 Месяц назад
No, but I'm sure Labour will get the trans back on track.
@mobilephil244
@mobilephil244 Месяц назад
This presenter is TOO YOUNG to remember when the railways WERE nationalised: Ceaseless strikes, work-to-rules, sympathy-strikes, walk-outs, flying pickets, cancellations, more strikes and even more strikes
@Hartley_Hare
@Hartley_Hare Месяц назад
And how long ago was that?
@mcbellyman3265
@mcbellyman3265 Месяц назад
Yes, it's hard for a young person to envisage any of those problems
@dougaltolan3017
@dougaltolan3017 Месяц назад
I'll bet you think nuclear power is bad because of Chernobyl. News flash we don't build reactors with 40 year old Russian technology. Times have changed, and the vast bulk of your arguments aren't relevant.
@terrancedactielle5460
@terrancedactielle5460 Месяц назад
When that happened there were also walk outs in many private sector businesses. You could literally walk out of a job and get a new one around the corner. This was nothing to do with the trains being publicly owned.
@slightlyconfused876
@slightlyconfused876 Месяц назад
So are you saying it is better now? Are you saying Britain today is like it was 30 years ago? If so think again.
@poshgentleman559
@poshgentleman559 Месяц назад
Lets also consider reducing MPs pay: are back bench MPs really worth £96k+ for a few photo ops in the local paper, the odd local surgery, and jeering at the other side in parliament. Are we really getting value for money from them🤔.
@gavin1342
@gavin1342 19 дней назад
Why are you propagating this myth? The rail network is no less nationalised today than the NHS is.
@stringer-ik1pc
@stringer-ik1pc Месяц назад
They're promising everything to everyone. It's bollox
@ricktownend9144
@ricktownend9144 Месяц назад
Thanks for this nteresting debate. But where was Climate Change? - for which we really need the railways to attract people out of their cars? And not just rail - lots of people are using their cars because ther just isn't a practical (or possible) way of getting where they want go (and when) by public transport, so one big win aLabour government could aim for is better integration with buses.
@aleccap5946
@aleccap5946 Месяц назад
They should be telling people how they're going to save England ? Stammer gets in, game over for the UK
@beepboop306
@beepboop306 Месяц назад
As if were not on 1hp atm
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