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March 09, 2006
Ploughing back OUR money, not theirs.
I was watching "why the trains don't work" on Channel 4 at 04:55 this morning (don't ask!), and noted Alastair Darling talking about how goverment isn't starving money from the trains - quoting as an example of investment - in the same sentence - 200 million to be spent on the new Great Western franchise.
I thought that 200 million was the passengers money, being invested by First group. Raised by previous business activities and fares. Did you realise that in the 10 years since privatisation, some fares out of Paddington have risen by 90%, compared to a rise of 30% if the rises were inflation based alone?
Posted by gje at March 9, 2006 07:43 AM