Shareholders in private railway franchises have pocketed £100m in government bai

[Borg Refinery]

https://www.theguardian.com/commentisfree/2020/dec/02/good-riddance-britains-franchised-railway-system-pandemic

[Borg Refinery]

https://www.railwaygazette.com/uk/uk-government-announces-the-end-of-rail-franchising/57396.article

[Thomas]

remeber some of the other labour crackers over the years

1997, Labour: "We have no plans to introduce tuition fees".
(introduced tuition fees)

1997, Labour: "We will reform the electoral system"
(electoral system was not reformed)

2001, Labour: "We will not introduce top-up fees"
(introduced top-up fees)

2005, Labour: "We will not raise basic or higher rates of income tax"
(raised higher rate of income tax)

2005, Labour: "We will hold a referendum on the EU constitution"
(did not hold a referendum on the EU constitution)

[Thomas]

But hang on – whose promises? Alert readers may have done some arithmetic on seeing that pic, because if the railways were privatised in 1993, that's only four years before Labour came to power. In fact, Labour have been in power for more of the 25 years of "The Great Rail Rip-Off" than the Tories have – 13 years to the Tories' 12.

Yet for some reason the railways didn't get renationalised, despite what they said.

Also, we're pretty sure the Tories have never promised to renationalise the railways, so the only people producing "countless broken promises" on the subject in the last 25 years must have been Labour. Just like the ones they made at the same time about reforming the electoral system to PR

.

Pretty much all of Labour's big-ticket pledges, in fact, are the same ones that the party has been making, but not actually delivering, for most of the last century.

Need we say anymore?

Labour and their never ending empty promises of pie in th sky.

[Borg Refinery]

TSSA general secretary Manuel Cortes has called on the Tories to recognise that the "era of privatisation is well and truly over" after £100 million of taxpayer money was paid to shareholders in privatised railway franchises.

As part of its Covid emergency measures agreements (EMAs), the government has bailed out all of England's private rail operators to the sum of at least £3.5 billion to keep the services running during the pandemic.

But Labour's Shadow Transport Secretary revealed to the Commons that £100 million of the bailout money was "paid out to shareholders, many of which are foreign governments".

https://www.thelondoneconomic.com/news/shareholders-in-private-railway-franchises-have-pocketed-100m-in-government-bailout-money/18/09/

Yeah and Labour will respond by paying them even more! Well done Starmer well done..