Well as they hand back the poisoned chalice and Network Rail announce they will be scrutinising new bids for it carefully I wonder if there couldn't be a better way to do this? And is this a case where political beliefs are triumphing over common sense? Or is it much more dark and is it the money being syphoned off from the taxpayer that keeps this fiasco going? In other words why on earth isn't it being taken into public ownership?
I agree with wws conclusion. It is all about dogma. It would cause too much loss of face for this insecure government to bring it back into public ownership. So they'll continue to covertly subsidise 'private' companies and taxpayers' money will continue to go towards paying dividends to their shareholders.
I agree MaizieD The Government would lose too much face if they had to admit that under public ownership the East Coast Railway was contributing to the public purse instead of draining it under privatisation. They probably feel that it would encourage the public to think that perhaps more services should be run by the public, for the public. But that would mean admitting that their dogma of "public bad, private good" would be exposed as flawed.
Interesting to see that no-one has come on here to support the idea that privatised is better. Do you suppose that means that the light is beginning to dawn, and recognition of what a disaster and con trick privatisation of the railways was, and continues to be, is becoming widespread? You can fool some of the people........