We need to stop Network Rail privatisation in its tracks - joint letter

'The treatment isn't working..I think we need MORE privatisation'

29 February 2016

This letter to the editor appears in Rail Pro magazine (page 16).

Dear madam,

The call by the Institute of Economic Affairs (IEA) for ‘full-blooded privatisation’ is not only ideological and misguided, it is dangerous.

Rail infrastructure has been privatised before. Under Railtrack, our railways were asset stripped to maximise shareholder value. The result was that people died in the crashes of Hatfield and Potters Bar.

Passengers don’t want new standing-only carriages and line closures as the IEA prescribes, and they don’t want deaths on the railway. We don’t know who the IEA is working for - it has been found to be ‘highly opaque’ and untransparent in terms of its funding. It is definitely not working for passengers.

There is no mandate for privatising Network Rail. Nearly 60% of the public want a publicly owned Network Rail; less than one in four support its privatisation. Amongst Conservative voters, a majority still supports public ownership.

Now that Network Rail’s debt is on the public balance sheet, politicians have leapt to attention. But the reality is that Network Rail has been indirectly subsidising the train companies for years through low track access charges. Meanwhile, the train companies have been leeching off passengers, increasing fares to boost their profits.

We are paying more than we should for our railways because of privatisation. Private railways won’t ‘end wasteful investment’ as the IEA would like to think – they are wasteful investment. Research shows that £1.2 billion a year could be saved under public ownership – and this move would have strong public support.

Privatisation and fragmentation have been a disaster. We don’t need any more of them. The IEA is like a medieval doctor, using outdated methods, calling for our railways to be bled dry.

Passengers will suffer if this goes ahead - we need to stop Network Rail privatisation in its tracks.

Cat Hobbs, Director, We Own It

Christian Wolmar, journalist, author and railway historian

Dr John Stittle, Senior Lecturer in Accounting, University of Essex

Ellie Harrison, Founder, Bring Back British Rail

Neal Lawson, Chair, Compass

Tony Murphy, National Officer, Unite

Dr Robert Jupe, Professor of Accounting and Public Management, University of Kent

Ian Taylor, Director, Transport for Quality of Life

'The treatment isn't working..I think we need MORE privatisation'

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Comments

Chris Gee replied on

Its about time we stand up and demand our voice is heard, we vote these people in to represent us. not fatten their own wallets.

Reg Coles-Watson replied on

The privatized Rail Operating companies and fragmented system is not working and never will. The Tax payer is paying more and more each year to pay the shareholders dividends and not improving services. This outrage has to stop. The entire Rail Network and operating organisations needs to be Nationalized again. It didn't work in the 1930's and it doesn't work now. The Rail Subsidy is only going to Fat Cat Shareholders who do nothing for the Passengers! Same with Road Transport - Buses and coaches. We need a fully integrated State Owned Public Transport Industry including TfL buses, tubes and trams and DLR

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