The Labour Government

The Future’s Blue! said:
I seen something about waters and it basically said that the companies would have to poison people for an extended period of time for the government to step in. Even then, the companies would retain overall control until the end of the contract. A rolling 25 years seems to ring a bell?
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I think it's more if one goes bankrupt, Thames being the obvious one, I think.
 
blueinsa said:
In other news Labour are starting to fulfil their promise of nationalising the rail services which I think the vast majority support.

Gas and Electricity next please.
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I think they support this on the understanding that these services will improve measurably or the cost of them will be reined in. I suspect there will be no difference in general performance -same track, same trains, same personnel, same stations. Where is the imrpovement going to come from?
 
BlueHammer85 said:
You’re really against this ?

Privatisation has been a disaster for our rail industry
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The only ones to benefit from privatisation were those who bought OUR family silver at knockdown prices and have continued to rake in at the expense of proper investment. Thames Water is the classic way of getting a return. You just don't want their water down yer pipes.
 
Brewster's millions said:
You do appear to get quite animated by this, so I've helpfully provided some figures for you to place the issue into context.

The Treasury has useful spreadsheet on its website which list the various PFI deals, shows which government signed off the deals, the capital value of the projects, profile of repayments and so on. Unsurprisingly, they do show the very large majority of deals being signed off by the Labour government.

As of end March 2023, the latest data available, there are 669 deals outstanding in total, with a capital value of £50.2bn, resulting in repayments of £278.3bn.

The Labour government signed off 576 of these deals, accounting for £42bn of the capital value and £246.7bn of the repayments. That's 89% of the cost of the deals. They also signed off a deal just 5 days before the 2010 election, so they clearly didn't discontinue the use of PFI at any point.

Interesting figures given the speculation of Reeves reintroducing PFI. She can't be that dumb, can she?
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Yeah…….but……Tories!
 
Bournemouth Blue said:
Renationalising the rail service means the staff transfer to the public sector, good for them, bad for the rest of us
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Why is it good for us?

I support Nationalisation but I know the trade off will be lower pay rises.

We don't have a final salary pension scheme. So there's no 'gold plated pensions' as the Daily mail put it.

The railways should be run as a proper public service. The re-nationalisation bill doesn't go far enough in my eyes and will cost more to start with as not all board vacancies are currently filled meaning more tax money wasted on 'consultants'.
 
Dave Ewing's Back 'eader said:
I think they support this on the understanding that these services will improve measurably or the cost of them will be reined in. I suspect there will be no difference in general performance -same track, same trains, same personnel, same stations. Where is the imrpovement going to come from?
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From the reinvestment of profit rather than it going to shareholders.
 
Ifwecouldjust....... said:
From the reinvestment of profit rather than it going to shareholders.
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We have publicly owned companies now and they're still failing. Average margins were previously only 2-3% so they only make around £10-20m profit per year, hardly a lot to reinvest.

I don't think it makes any difference either way. If we want a railway system that works then we need to spend far more than profit reinvested alone allows and that's the problem.

inews.co.uk

Labour rail plan 'won't fix delays' as Northern gets worse under public ownership

Northern's poor performance under government control presents a challenge for Haigh's plans for the railways
inews.co.uk inews.co.uk
 
Just breaking now from the national crime unit, a multibillon dollar money laundering network run by two russian millionares and used by uk drug dealers has been busted, this is what you get when interpol do their thing and what we now contributing too. Funny what happens when you talk to other countries , who knew
 
kaz7 said:
Just breaking now from the national crime unit, a multibillon dollar money laundering network run by two russian millionares and used by uk drug dealers has been busted, this is what you get when interpol do their thing and what we now contributing too. Funny what happens when you talk to other countries , who knew
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Most arrests made well before Labour came to power but a nice try nonetheless.

 
Dave Ewing's Back 'eader said:
The old nationalised industries didn’t seem to have any kind or ‘reinvestment’. Didn’t they have to go begging HMT for a handout!
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Coal mining was nationalised - the actual Govt shut that down. Steel was sold off to private owners who have run it down to close it when they couldn't squeeze any more out of it. Royal Mail has just been sold to a billionaire who wants 1st class stamps at £2 a pop, no weekend deliveries and the end of the universal service agreement and privatised water has been a roaring success - if you like swimming in shit.

Throughout the term of the last Govt private rail firms were periodically taken into public ownership which increased punctuality and customer satisfaction in almost all cases. In fact they were such a better solution that every time it embarrassed the Govt who sold the franchises back into private hands asap.
 
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