“Renationalising the railways seems a good idea to me.”
You obviously don’t remember the railways before they were nationalised, Eddie. I do. I spent 35 years using the railways daily, twenty five under “British Rail(ways)” and ten under the privatised regime. I can tell you without a shadow of hesitation or doubt that privatisation has been an enormous benefit to rail travellers, both regular and occasional.
Rail passenger numbers have doubled in the last 10-12 years. If they are so terrible, why would that be? It is true that the way they were privatised was not the best model that could have been chosen. However, it was the only model that was allowed. It’s a fairly complex issue of which I do have a bit of knowledge (as a railway buff). Put simply, the EU (remember them?) had at the time its “First Railway Directive”. This said (among many other things):
“separating [of] the management of railway operation and infrastructure from the provision of railway transport services, separation of accounts being compulsory and organizational or institutional separation being optional.”
The Directive was updated in 2012. It still contains the same principles and these have been reinforced. In short, it means that multiple train operating companies must be allowed to use the same track competitively. This means that re-nationalisation of the railways, certainly along the lines Mr Corbyn and his mates would lead us to believe, is all but impossible at least until we leave the EU.