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  #31241  
Old Yesterday, 06:13 PM
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Adlerhorst Adlerhorst is offline
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Originally Posted by cockneyrebel View Post
Aldershot private companies buy other companies all the time, so why shouldn’t a government?

They also have the advantage that they could carry out investment at much lower borrowing rates going forward.

I think a well run public industry could definitely do better than some of the way current monopolies are being run.
Private companies certainly do buy companies all the time. But they do so with a plan of where they can improve efficiencies. Otherwise when they pay open market value for something there is no point as it achieves nothing for their shareholders. In this circumstance we’re the shareholders. What does this do for us? We already have very cheap distribution networks by comparison to other countries. And we don’t subsidise them as say France do.

A well run public industry could do better than some elements of the water network. Yet, I would prefer that someone demonstrate they can run a utility better through public ownership better than private before they spunk 300bn on an ideology.

What would actually make some sense would be for a Corbyn led government to acquire a regional water network and demonstrate that they can create a well run water network before embarking on a huge renationalisation plan.
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  #31242  
Old Yesterday, 06:13 PM
Nth Kent Eagle Nth Kent Eagle is offline
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The public works loan board is an effective option that should be upscaled.
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  #31243  
Old Yesterday, 06:16 PM
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Originally Posted by Nth Kent Eagle View Post
The public works loan board is an effective option that should be upscaled.
Maybe. I can see arguments both ways (as to the vehicle for increased capital investment). But it generates new investment which is a good thing. I would imagine upscaling would require more co-ordination between the recipients for coordinated projects, but that cold be done.

But Corbyn isn’t interested in new investment. He’s interested in ideology.
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  #31244  
Old Yesterday, 06:23 PM
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Originally Posted by Adlerhorst View Post

Ill certainly concede were being screwed over rail. Network Rail, the nationalised part of our rail network is appallingly run, far far far more expensive than some of its European competitors. It costs taxpayers several billion a year, and the beneficiaries of that are generally the well off (as the rail users are well off compared to the general public). So we have a shite nationalised part which results in a subsidy for the well off. Not a good place to be.
ah the old spuff approach to rail. There costs to the taxpayers are higher now then in the days of a nationalised service. thats probably down to the shite way the franchise system works. you may well be correct that National rail is appallingly run (one only has to look at their farcical approach to electrification to see that their project management is shite for example) good luck with trying to convince passenger that they get good value for money (supposedly because they are better off)...
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  #31245  
Old Yesterday, 06:32 PM
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Originally Posted by weltklasse View Post
ah the old spuff approach to rail. There costs to the taxpayers are higher now then in the days of a nationalised service. thats probably down to the shite way the franchise system works. you may well be correct that National rail is appallingly run (one only has to look at their farcical approach to electrification to see that their project management is shite for example) good luck with trying to convince passenger that they get good value for money (supposedly because they are better off)...
Some tickets are cheaper, some more expensive after adjusting for inflation. Walk on peak singles are hugely more expensive after inflation adjustment. Off peaks are cheaper and season tickets are around the same (which makes sense given the cap). Advanced tickets are also much cheaper.

I’d have to check usage since privatisation but I would imagine that’s up and up a lot. Which means overcrowding. Unless new capacity can be generated on the rail network (network rail’s issue) then I don’t see how nationalising the TOC’s solves that issue given it is an issue for the already nationalised part.

The railways are far from perfect but nationalising it isn’t going to solve the issues it faces.
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  #31246  
Old Yesterday, 06:37 PM
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Away matches in the Brum area are ok because you have a choice of routes and operators.
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  #31247  
Old Yesterday, 06:40 PM
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Originally Posted by Nth Kent Eagle View Post
Away matches in the Brum area are ok because you have a choice of routes and operators.
If you consider Midlands a choice
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  #31248  
Old Yesterday, 11:06 PM
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Aldershot you say do a sample first through a region.

But I would say public ownership has two huge advantages going forward.

1) massively reduced borrowing costs for investment.

2) no need for dividends and this can be passed on to increased investment, higher wages and cheaper bills.

On another note I’ve wondered why no left wing council has never sacked their entire senior management. As a socialist I firmly believe workers can run things for themselves. This is backed by the number of utterly useless senior managers I’ve come across, in both the public and private sector, who do more harm than good. Partly through being useless and partly through not really ever consulting their workforce who actually know what the jobs involve.
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