Profits of UK’s private train-leasing firms treble in a year (www.theguardian.com)

submitted 8 months ago by GreyShuck@feddit.uk to c/unitedkingdom@feddit.uk

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[-] Wanderer@lemm.ee 22 points 8 months ago* (last edited 8 months ago)

Nationalise them all. Then subsidised the shit out of them, build new tracks build new stock. Fuck it let's party like 1840. (I know railways weren't nationalised then).

Also railways should own the land around the station.

Also the government should own downtown. But both of those are different matters.

[-] RedditWanderer@lemmy.world 8 points 8 months ago

Private firms that lease out trains for Britain’s railway have seen their profits treble in a year, with more than £400m paid in dividends, official figures show.

The rolling stock companies paid out a total of £409.7m to shareholders and profit margins rose to 41.6% in 2022-23, according to the Office of Rail and Road, as the rest of the railway was told to make swingeing cuts and salaries were frozen. Taxpayer subsidies are still running at twice pre-pandemic levels.

this post was submitted on 18 Feb 2024

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