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exiled CITY AFC

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11466 posts
First used 11/01/17

#1
16/08/2017 at 01:47

We should all know by know that this antiquated Victorian technology has long since had its day but this breakdown of costs goes to show just how crap a business it is anyway.

For every £1 of fare revenue the rail companies get here is how they spend it.

42% goes on track maintenance, train maintenance, leasing costs and interest payments on infrastructure related loans.
(Note: to this we add a shit load of tax payers money too so those who don't even use the ralways pay loads too)
26% goes on rail infrastructure investment which when you look at the results is barely keeping up with the shitty status quo
25% goes on staff wages and perks
4% pays for the fuel
3% is the evil profit making private / foreign company

So if we nationalise it will make next to fuck all difference eh?

Time to sack it all off and tax people for living so far from their work?  

Let it never be said that I was silent when they needed me - William Wilberforce 

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essexgull

8980 posts
First used 12/01/17

#2
16/08/2017 at 06:15

Ok, so if your highly suspect figures are correct, then the rail franchises take out 3% of all fare revenue as profit, plus £3.85 billion of government subsidies on top as part of the cap and collar agreements s... Per year... Which would make a huge saving to UK tax-payers if they were nationalised...



ESSEX GULL  

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candw

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26498 posts
First used 09/01/17

#3
16/08/2017 at 07:50

Quote Quote by exiled CITY AFC on 16/08/2017 at 01:47
We should all know by know that this antiquated Victorian technology has long since had its day but this breakdown of costs goes to show just how crap a business it is anyway.

For every £1 of fare revenue the rail companies get here is how they spend it.

42% goes on track maintenance, train maintenance, leasing costs and interest payments on infrastructure related loans.
(Note: to this we add a shit load of tax payers money too so those who don't even use the ralways pay loads too)
26% goes on rail infrastructure investment which when you look at the results is barely keeping up with the shitty status quo
25% goes on staff wages and perks
4% pays for the fuel
3% is the evil profit making private / foreign company

So if we nationalise it will make next to fuck all difference eh?

Time to sack it all off and tax people for living so far from their work?


LOLZ! You're a card.

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exiled CITY AFC

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11466 posts
First used 11/01/17

#4
16/08/2017 at 09:21

Quote Quote by essexgull on 16/08/2017 at 06:15
Ok, so if your highly suspect figures are correct, then the rail franchises take out 3% of all fare revenue as profit, plus £3.85 billion of government subsidies on top as part of the cap and collar agreements s... Per year... Which would make a huge saving to UK tax-payers if they were nationalised...
ESSEX GULL


The source was the BBC quoting rail delivery group figures so if they are highly suspect that's another problem the government needs to fix. The £3.85bn subsidies are used (we are always assured) only for infrastructure not for profits.

So the only way to save money is the 3% margin and invest less in infrastructure.

Please help me to understand where the rest of the 'huge' savings would come from as every rail system in the world is either propped up via tax payers or under invested in.  

Let it never be said that I was silent when they needed me - William Wilberforce 

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essexgull

8980 posts
First used 12/01/17

#5
16/08/2017 at 10:38

The subsidies pay towards the companies hitting their profit targets, as the franchises are guaranteed a predetermined profit level in their agreement. It's a no-one deal benefitting foreign governments... That's why they should be nationalised.


ESSEX GULL  

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essexgull

8980 posts
First used 12/01/17

#6
16/08/2017 at 10:39

... No lose...


ESSEX GULL  

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exiled CITY AFC

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11466 posts
First used 11/01/17

#7
16/08/2017 at 11:10

It's a no lose deal at price war discount retailing margins.

Seems the only ones for it are more long term orientated foreign entities and Richard Branson with his popularist flag waving.

3%

Do you think nationalisation will lead to better or worst railways?

I think it will lead to slightly worse but not much different  

Let it never be said that I was silent when they needed me - William Wilberforce 

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candw

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26498 posts
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#8
16/08/2017 at 11:20

...more long term orientated foreign entities...

Is that a name for foreign capitalists not trying to make a quick 'buck' and move on? Foreign capitalists seem so much more acceptable than our bandits.

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essexgull

8980 posts
First used 12/01/17

#9
16/08/2017 at 14:29

Quote Quote by exiled CITY AFC on 16/08/2017 at 11:10
It's a no lose deal at price war discount retailing margins.

Seems the only ones for it are more long term orientated foreign entities and Richard Branson with his popularist flag waving.

3%

Do you think nationalisation will lead to better or worst railways?

I think it will lead to slightly worse but not much different


Take away the subsidies and have a nationalised railway that operates at a loss - the benefits of being able to move a million workers into London per day, and many more round the UK, are worth it. Profits from profitable routes can be spread to improve infrastructure and less popular ones.

Why have the middle man/company that siphons off 3 or whatever it is percent, and uses it on German and French rail infrastructure.

Pointless bureaucracy.

ESSEX GULL  

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The Prince of Munster

8468 posts
First used 20/01/17

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Hull City

#10
17/08/2017 at 22:37

It's never been a "market". There's only one provider offering to take me to Leeds. And there'll only ever be one, offering said service.

Natural monopolies should be in the hands of the taxpayer.

Rail, gas, water, post and electric should be gov't owned. 

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exiled CITY AFC

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11466 posts
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#11
17/08/2017 at 22:55

Natural monopolies should be an exemplar of good service, efficiency and value for money. They seldom are whether state or private owned.

You have many choices to get to Leeds and most of the market chooses personal transport.

The idea that travel has monopolies is a Victorian idea.

Leeds eh?

Bus, car, motorcycle, microlight, helicopter, cab, lifts share, train - literally awash with options.

People get suckered into season tickets then act like they have no choice  

Let it never be said that I was silent when they needed me - William Wilberforce 

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The Prince of Munster

8468 posts
First used 20/01/17

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Hull City

#12
17/08/2017 at 23:04

I'm not sure what your point is. I accept I can drive to Leeds, I could also get a Joe Baxi. Trying to hitch a lift would seriously damage my arm curling productivity.

Because something is run badly, doesn't mean it doesn't have a place in society or isn't required. Here's a novel thought, let's get a grip and run it better, for everyone... 

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