Could public services realistically be fully renationalised again?

[inbetween]

Subsidies are completely unnecessary and the idea that the Government would have to increase taxes ‘tenfold’ is ideological lunacy. Privatisation has actually meant British rail-users pay a tax to other countries (among others) of roughly a billion pounds every year. Nationalisation would either abolish this tax by lowering rail fares (by around 10% according to some reports) or keep rail fares the same but the tax would instead go to the UK government that theoretically would reinvest in the railways thereby providing better services.

So if all that is true, where will the billions come from to buy new trains or will we just confiscate the existing ones for the national cause? Where is the cash pile to pay for the new ones too or will we confiscate cash from the current operators?

Transpenine pulled in around £100m or so in profit last year which buys you maybe 5-10 trains but you have just eliminated your profit by reducing prices.....? Am I missing something?

Add in pensions, salaries, creating entire support systems to enable you to operate the trains..... After all that coupled with reduced prices, my bet is it won't even be run at a profit as the German operator wasn't for decades.

That means the taxpayer is subsidising it which yes means more taxes or the classic Labour consequence which is more borrowing. Add in the other nationalisation programs and things are suddenly looking rather irresponsible.