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> On [public ownership of] our railway, the East Coast line was run in public ownership from 2009 to 2014. It had 91% customer satisfaction and returned £1 bill
by fold_left 6y ago
> On [public ownership of] our railway, the East Coast line was run in public ownership from 2009 to 2014. It had 91% customer satisfaction and returned £1 billion to the Treasury. (Today, half of our rail services are run by foreign state owned companies.)
https://weownit.org.uk/why-public-ownership/successful-examples https://weownit.org.uk/why-public-ownership/successful-examp...
- gsnedders 6y agoIn 2015–2018, the three year period of VTEC, customer satisfaction was generally unchanged from East Coast (though went down at the very end) and £800m was returned to the Treasury. Per year, that's 30% higher than the nationalised East Coast returned (and okay, ~£160m of the £800m ultimately came from Stagecoach paying more money than VTEC had operating profit, but from a taxpayer point-of-view that's irrelevant). (See https://publications.parliament.uk/pa/cm201719/cmselect/cmtrans/891/891.pdf https://publications.parliament.uk/pa/cm201719/cmselect/cmtr...)