11101
Full Member
- Joined
- Aug 26, 2014
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- 21,554
Saving money in the long run.
Richard Murphy, from the link I posted:
"Second, they are not planning to renationalise the rolling stock companies that have leeched money out of the system for decades. It would, apparently, be too costly to do that, which is nonsense since if a premium is paid now that will only and inevitably reflect the fact that this will be settled anyway over time through excessive payments over remains lives of leases. I am still baffled by where Labour gets its corporate finance advice from."
Money now costs more than money spread out over years. Good job they're not getting their corporate finance advice from him! I saw an estimate of £10b to buy all the existing rolling stock off the lessors.
I'd like to think any future rolling stock would be purchased by the Government as a cheaper way to achieve the same goal. Or, they could properly privatise it so there is true competition rather than the government granted monopolies we have now.