It is a great shame that those calling for the renationalisation of the railways after today's no real-terms increase in rail prices cannot in the main remember what a nationalised railway was like. How sad that few now remember what a synonym for filth, old and tardy trains and the worst ever catering services was a nationalised railway. Poor service standards have improved, as has punctuality, the newness of the rolling stock and above all safety. A huge number of accidents took place while British Rail was in charge which, since privatization, has fallen rapidly. Britain's railways are safer than ever.
Since privatisation, the number of passenger journeys has increased from 735 million in 1994-95 to 1.7 billion in 2015-16, according to the Office of Rail and Road. None of this is due to the increase in population but to the far better service being provided and the newness of the trains. Journeys are simply better. Provision for new trains was only possible under private ownership.
Another fact is that, even if all profits made on the railways were reinvested in the railways, it would still require subsidy from the taxpayer. Britain's railways have never covered their costs since 1947 when they were nationalised although they are near to this now and the taxpayer subsidy is now lower than at any time since privatisation. And that is not to look at the problem of subsidising rail travel at all
What is more, some stations and lines which were closed back in the 1960s under the 'Beeching Cuts' have been re-opened. These include the Stirling-Alloa line in eastern Scotland, the Vale of Glamorgan line in south Wales and the Eastleigh to Romsey line in Hampshire.
The case for renationalising the railways simply does not add up. Nobody can estimate precisely how much it would cost to renationalise the railways, but it is expected that the cost would be in the tens of billions – money we do not have. Even if this was done as franchises expired it would still cost a lot and the result would still be chaos. Anyway, why should the taxation earned by working class people help subsidise the cost of travel for middle-class people which is what would happen when any new subsidy has to be introduced. And customer satisfaction is still over 80%.