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Majority (particularly by ticket sales) of uk train operators (TOCs) are foreign owned[1] and operators are "TBTF" and subsidised by the government, in 2023 thi
by matt-p 2y ago
Majority (particularly by ticket sales) of uk train operators (TOCs) are foreign owned[1] and operators are "TBTF" and subsidised by the government, in 2023 this was over 4 Billion pounds, meanwhile each TOC is paying out millions in dividends to share holders[2].
1 - https://www.rmt.org.uk/news/rmt-reveals-that-75-of-uk-rail-now-foreign-owned/ https://www.rmt.org.uk/news/rmt-reveals-that-75-of-uk-rail-n...
2 - https://www.gov.uk/government/statistics/rail-factsheet-2023/rail-factsheet-2023#:~:text=Figure%2017%3A%20Net%20subsidy%20to%20TOCs%20from%20Government%20in%20Great%20Britain%2C%20financial%20year%20ending%20March%201986%20to%20financial%20year%20ending%20March%202023%2C%20billions%2C%20real%20terms%20based%20on%202023%20prices https://www.gov.uk/government/statistics/rail-factsheet-2023...
- bpye 2y agoThat said the current government have introduced legislation to bring these TOCs into public ownership as franchises expire [0]. Rolling stock and freight will remain privately owned so it isn’t quite a return to the days of British Rail, but the privatisation experiment is coming to a close. [0] https://bills.parliament.uk/bills/3732 https://bills.parliament.uk/bills/3732