Damn! There goes a perfectly good train service…

Now here's an interesting one...

Linky Linky

Would any one of the privatisation 'followers' care to comment?

"One of England's top-rated water companies is using an accounting trick to artificially inflate its balance sheet by more than a billion pounds, BBC Panorama has discovered"

"Severn Trent Water claims that an investment is worth £1.68bn in its accounts, when in reality it has no value to the overall business"

"The made-up money makes the company appear more financially robust and helps to support its bumper payouts to shareholders"
 
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State run services are never hungry to innovate or drive better service. The consumer has to pay if its good or bad.
Who do you think brought in free to air HD TV or DAB Radio technology...

Sky?

Virgin?

Or the BBC? ;)
 
Who do you believe benefits from the "prudential borrowing" that TfL claims takes place?


Sorry, I am a tad confused. So you concede that there are no shareholders in TfL, However you now seem to be suggesting that the non existing shareholders earn interest from loans.

Can you provide anything to backup your claims?

I suspect that you are unable to do so. I don't know if you are ranting against a muslim head of TfL or if you are targeting jewish people, or the Mysterons.

As a Londoner, who has never held a driving licence. I am, by and large happy with my tube and bus fares.

For what it is worth, nah, I didn't support the privatisation of utilities.
 
Sorry, I am a tad confused.

I don't know if you are ranting against a muslim head of TfL or if you are targeting jewish people, or the Mysterons.
You truly are a fruitcake!
 
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Sorry, I am a tad confused. So you concede that there are no shareholders in TfL, However you now seem to be suggesting that the non existing shareholders earn interest from loans.

Can you provide anything to backup your claims?

I suspect that you are unable to do so. I don't know if you are ranting against a muslim head of TfL or if you are targeting jewish people, or the Mysterons.

As a Londoner, who has never held a driving licence. I am, by and large happy with my tube and bus fares.

For what it is worth, nah, I didn't support the privatisation of utilities.
Tfl has no shareholders???
What about tubelines, all bus companies,etc???
 
Never heard anybody praise SouthWestern trains before. A friend has to travel on them regularly and is always complaining!
 
Never heard anybody praise SouthWestern trains before. A friend has to travel on them regularly and is always complaining!
I use them but never in rush hour and never experienced a delay.
I think commuters 9-5 will always complain because of the overcrowding and inevitable delays.
 
havent read most off the thread
but as a train driver untill 94 my take

somthing needed doing say pre 94 say move a train from point [a] to point sorry about the caps control ask the train depot foreman tcs [train crew supervisor] can it be done --- answer yes big all and guard small mark will cover 3 hours overtime allocated as the cost but never an actual concern with any effort given as the timesheet will reflect any extra hours
move on sector separation the rails[infrastructure] traction and rolling stock[leasing companies] and operators [south central ] have to communicate and lease and charge for there services so a £200 overtime time job turns to a perhaps 5k multi agent fiasco
 
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But unfortunately London underground is part of tfl and so it's influenced by its shareholders.

London Underground does not have shareholders, it is wholly owned by TfL . The trams and buses do have shareholders though.

The Elizabeth Line is owned jointly by TfL and the department of transport. It is operated by a subsidiary of MTR Corporation

 
Tubelines and Metronet were one of the previous Labour governments great PPP-like ideas. Allow private companies to operate the tube on a "low profit" basis and then fail to stop them subcontracting all the work to other parts of their company group at high profits. Once the investors got bored they went they sold it back to TfL for around 1bn, having failed to deliver much at all.
 
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