jingle I posted something a while ago which stated that the subsidy given to the railways is now, I think, four times what it was when the railways were nationalised. A spokesman for, I think it was called RailFuture - who seemed to be neither pro nor anti Corbyn's proposal - said that, given the very small subsidies that successive governments had previously given to the service before privatisation, the railways had done a pretty good job. It is a fact that when something is privatised, not only is it still necessary to pay for investment, staff, ongoing maintenance, etc., but it is also necessary to pay shareholders - so there is an extra expense. This can either come from cutting investment or cutting corners, increased fares - and we all know that our rail fares are the highest in Europe - or in cutting staff or freezing/cutting pay.
elegran durhamjen responded to Ana's question "why didn't it [the railways] stay under public ownership then" - so Ana initiated the questioning - and received an answer - but then got all snippy when she was similarly challenged.
The argument that has been used about subsidies to the railways is that most people don't travel regularly by rail so why should they subsidise those that do? This is, of course, the usual divide and rule tactic that, if taken to its logical conclusion, implies that it is a reasonable premise that people should only contribute to those services which they use.
I heard a news item today which reported Farage as saying neither the railway companies nor any other companies can be re-nationalised because of EU rules. If that's true - and I don't know if it is - that seems really worrying to me.
I agree with whitewave's point about water companies. At one time people had to agree to have a water meter but it seems that several water companies now force people into having them. We do not and will not voluntarily have one installed, not because we're bothered about our own water bill but because we don't agree with the principle of water metering. It places even more pressure on families with young children and on individuals or carers dealing with continence issues - there is a public health dimension. My mum was encouraged to have a meter on the basis that she got a "special rate". Recently that "special rate" was abolished so having induced people to install a meter the terms upon which it was agreed are then changed. I also agree with her point about South coast trains. My son and his partner and children moved to West Sussex but moved back to Chingford again because of the very unreliable and crowded rail service.
soontobe You keep saying the same thing about quantitative easing but, as several commentators have said, in effect quantitative easing is ongoing because financial institutions are loaning money to more and more people and businesses who are hardly keeping their heads above water and who may well at some stage be unable to service their debt. The EU itself is also using quantitative easing, as the Guardian reported in January this year:
"European government borrowing rates also plummeted to record lows after Draghi said a programme of quantitative easing (QE) worth ??60bn a month would start in March and last until at least next September or when inflation returned to near its 2% target."
My feeling - and that of many other people - is that we have a financial system that is out of control, with banks so sure that whatever mess they make governments will have to clear it up. One scandal follows another - manipulation of interest rates and currencies and no doubt they are even now finding new ways of using the system to their own ends. One man is imprisoned for a long time for engaging in these sorts of practices. I find it difficult to believe that none of his colleagues or bosses were aware of what was happening. Banks were fined for mis-selling products but who will ultimately pay those fines - their customers I suspect.