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Interesting today I read that Britain has the oldest and priciest railways in Europe. Operators who receive large state subsidies spent on average more than 90% of their profit on shareholder dividends. £1.9 billion was spent on rolling stock between 2008 and 2012, compared with £3.2 billion between 1989 and 1993. So it is no surprise that in the UK we seem to have an issue with the provision of stock fit for purpose!!!
The railways of Britain should never have been privatised and then maybe we could have a railway to be proud of.
Regards
Phil
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Member of the LMS Patriot Project
Member of the GCR railway
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