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PM78 Railways Pension Scheme Network Rail Section  Form

PM78 Railways Pension Scheme Network Rail Section Form

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Labor's plans for rationalizing our Railways make sense as far as they go but they don't go far enough let's talk about the basics of this the basic fact is that Railways should never have been privatized as long ago as a century in 1923 Winston Churchill and others realized that the idea that private companies could run Railways was really rather bizarre because that imposed enormous cost and did not create competition simply because there's rarely going to be more than one set of tracks between two places in the country sometimes but rarely and so it made sense to bring companies under common control now in 1923 they backed off nationalization and instead went for something called the grouping there were four large companies in the UK that didn't really work frankly it didn't produce the benefits they wanted in 1948 we got British Railways that worked until the era of the 1970s when a lack of finances or what the labor party and the Tories of that period thought were a lack of financ

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