Sunday, 16 December 2007

Take Back The Trains

MPs are of course right to call for the renationalisation of First Great Western.

The railways were only ever privatised on the monstrous understanding that the profitability of the private rail companies would be guaranteed for ever by means of public subsidies.

So the shareholders have already been more than compensated enough: in this unique circumstance, renationalisation should be without (further) compensation.

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