Privatisation 'failed to deliver'

Updated
Train station
Train station

Rail privatisation has led to the UK having the most expensive fares in Europe, older trains, serious overcrowding and train operating companies entirely reliant on public subsidies, according to a new study.

The TUC said privatisation had failed to deliver for rail users and taxpayers, and had brought in little private-sector investment. Its report, The Great Train Robbery, showed that private train companies were heavily dependent on the public purse to enable them to run services and re-invested little of their profits back into the railways.
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