The first thing that happened when the railways were hived off to the public sector, was as follows ::
1......Appoint new managers and pay them enormous salaries.
2......Waste even vaster sums of money by sending teams of workers out to repaint everything in sight in new "corporate" colours.
3.......Order huge quantities of unneeded new uniforms for the bewildered staff.
4.......Spend huge amounts of cash paying for TV ads to let the public know what is going on.
5.......Pay dividends to all the new shareholders, instead of spending the same amount of money of trains and services, while taking eye-watering amounts of public money in subsidies from the tax payer. ( money comes in from tax payer, then goes straight out to shareholders )
6.....Compromise essential safety concerns by cutting corners.
7.....Ignore complaints from the great British Public about the appalling levels or service on over-crowded commuter trains.
8 .....Tell these disgruntled customers that things will improve in the future.
9......Repeat 8 above, every 5 years or so, while still wasting money paying shareholders instead of improving the system ( see 5 above )
10....When this whole edifice collapses, stand well back and let the Government and taxpayers of the day form a rescue plan....ie Network rail.
Simples !