It is a loss to the taxpayers, that money will come out of borrowing which will add to the debt and increase interest payments. whats the return on investment? i'm seem to recall it is less than 1:1
Aren't the Rail networks relatively profitable enterprises? I know that the German, Dutch and French National Rail companies that own large parts of our rail network get a fairly hefty amount of money from their ownership of them.
For me i'm pleased with the result (I Voted Labour) i'm happy that labour have strengthened their position and opposition, I would also like to think that it could lead to a grown up discussion about the future of the country and public services, where what people actually want is talked about and they ways to get those things are also discussed. It seems that people want to put more money into the NHS and other public services, how we do this actually needs to be discussed, the Tories seem to want to do it by cutting other things and lowering direct taxation but as per usual raising indirect taxation so they can pretend to be the party of low taxes. Labour want to hit the best off the hardest, which to me seems like somewhat the politics of Envy.
Maybe this result could lead to a proper discussion on Taxation, and they way to get the best tax take rather than just raising tax rates on the richest and making them pay more, I would like to see a lot more work from GOVT on how to increase the overall tax take in the most efficient way, as both the Tories and Labour policies on taxation seem to have big holes, and I would love to see an open and honest discussion about the future.