Nonnie I suggest you do a little research into the history of the franchises, particularly the East Coast line. Then perhaps you will understand a little more about how inadequate privatisation has been. You might also consider the huge increases in fares which mean for many people travel to work is becoming completely unaffordable. Some of us also consider that the rail system is a service and therefore should serve the people who use it.
As it is we are funding a rail system from the public purse which pays money into private pockets.
Train operators’ total UK income in 2015-16 was £12.4bn, including fares and government subsidy, according to the Office of Rail and Road, while expenditure was £12.1bn, only £285m short of that. Dividends paid last year included £15m to Deutsche Bahn via Arriva Wales, £20m to Northern owner (until April 2016) Abellio, and a share of £59m from Govia’s franchises to SNCF. A 2013 report by the Centre for Research on Socio-Cultural Change at the University of Manchester found that the Wales and Northern franchises had paid out similar levels of dividend, £176m, between 2007 and 2011, accounting for all of their profits – profits that wouldn’t exist without £2.5bn in government subsidies
And this is a good system?.