So, another year, another 4.1% fare rise. Britain’s privatised railway is now the most expensive railway in Europe, with operating costs per mile significantly greater than on equivalent continental European networks. Privatisation added whole new layers of overheads, and the efficiency gains from “market disclipline” turned out not to exist outside the imaginations of ivory-tower ideologues. And the Tories want to do the same to the NHS?
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