The track is unprofitable (legacy maintenance) and had to be brought back into public ownership for safety reasons. The staff are shuffled between various paper-thin "franchise" employers. The one profitable bit is train leasing; the privatization created ROSCOs, which are train landlords, who get the real profits from public subsidy.
The track is unprofitable (legacy maintenance) and had to be brought back into public ownership for safety reasons. The staff are shuffled between various paper-thin "franchise" employers. The one profitable bit is train leasing; the privatization created ROSCOs, which are train landlords, who get the real profits from public subsidy.
https://www.theguardian.com/business/2024/feb/18/profits-of-...