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Off topic - Public transport rant - trains

Page 5 of 6

posted on 12/9/24

comment by Busby (U19985)
posted 4 minutes ago
comment by rosso says the time has come to unlock the unlimited Pote-ntial of the Fernçalvenoo triumvirate (U17054)
posted 1 hour, 4 minutes ago
comment by Busby (U19985)
posted 3 minutes ago
For reference - I used to pick up a first class ticket from Wolverhampton to Euston for anywhere between £40 and £80 return, only 5 years ago.

The same ticket for next Wednesday is £250.
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Lol.

I can get from my local train station to Lisbon (200 miles away, so the same as Manc to London) for €24 if I book a week in advance. The most I’d ever have to pay, buying an open ticket on the day, would be €48.

State owned rail company, prices regulated by the govt.

The Brits allowed the Tories to sell their souls to private shareholders and are reaping the rewards of unfettered boot-on-the-neck capitalism.
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I wasn't around but a few people have told me of the state of the rail system when it was sold. It sounded as though it was a dire state.

And even though it's privatised, many fares are still regulated by the government and network rail is largely funded too.

It's a mess, just like the NHS and Royal Mail, semi-privatisation results in a lack of accountability and drive for continuous improvement of services.
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*mostly funded

Taxpayers contribute more via the exchequer than is brought in by fares.

Meanwhile…

‘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…

They have paid cumulative dividends of around £2bn in the last decade.’

posted on 12/9/24

comment by manusince52 (U9692)
posted 11 minutes ago
comment by rosso says the time has come to unlock the unlimited Pote-ntial of the Fernçalvenoo triumvirate (U17054)
posted 27 minutes ago
comment by Michel Pageaud (U1734)
posted 3 minutes ago
Would you be up for privatising the road network Devon guy?
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I’m sure that the private sector would run the road network much more efficiently and at a reduced cost to the taxpayer…

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How do you mean run it ?
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The road network costs the taxpayer a fortune and they are full of potholes. Hand it over to a private company and get them to run the roads for a profit. Then we wouldn't have so many potholes. All roads tolled and if the road isn't making a profit then it doesn't get maintained. Simples

posted on 12/9/24

comment by Busby (U19985)
posted 7 minutes ago
I guess you have to consider whether an affordable, government owned rail system had a positive enough impact on the economy to justify what would be significant losses.

Even if private railway profits were £0, it'd still be expensive and badly run.
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That's the thing.

Network rail is publicly owned and only makes 25% of its revenue from the money it charges the franchises to use the infrastructure.

It doesnt make anywhere near enough money to cover its costs and invest and the Govt effectively put in 70% of its revenues.

Unless it massively increased its costs to users, it is not a stand alone viable business.

The companies who use the network are viable, make profits, pay dividends, pay tax.

There is a question of whether they should be more strictly controlled in terms of profits and dividends.

But, as Rosso points out, £2bn paid in dividends in 10 years is a big number but actually a drop in the ocean in terms of their revenues. If no dividend was paid, putting £200m a year back into the system, the impact on ticket prices would be minuscule - about 2%. (Rail ticket revenues is about £10bn a year).

comment by Busby (U19985)

posted on 12/9/24

"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."

Don't forget who sets rail prices.

Rail fares across Great Britain increased by 5.0% in 2024 compared with a 4.3% increase in the Retail Prices Index (RPI) between March 2023 and March 2024. Regulated fares increased by 5.1%. Off peak tickets account for the largest proportion of revenue, increasing their market share to over 37% in the latest year.

posted on 12/9/24

BTW Rosso, next time you take the train from London to Wolverhampton, you can get a return for under £50 in standard class if you don't mind sitting away from your fat cat capitalist mates in first class

comment by Busby (U19985)

posted on 12/9/24

comment by Devonshirespur (U6316)
posted 3 seconds ago
BTW Rosso, next time you take the train from London to Wolverhampton, you can get a return for under £50 in standard class if you don't mind sitting away from your fat cat capitalist mates in first class
----------------------------------------------------------------------
It was me who said that

I used to go first class for a good price as I didn't need to worry about breakfast or wifi to get work done.

Now I tend not to because it's so expensive.

comment by kinsang (U3346)

posted on 12/9/24

The fact that a flight from Glasgow to London is cheaper than a train says it all really

posted on 12/9/24

comment by Busby (U19985)
posted 2 minutes ago
comment by Devonshirespur (U6316)
posted 3 seconds ago
BTW Rosso, next time you take the train from London to Wolverhampton, you can get a return for under £50 in standard class if you don't mind sitting away from your fat cat capitalist mates in first class
----------------------------------------------------------------------
It was me who said that

I used to go first class for a good price as I didn't need to worry about breakfast or wifi to get work done.

Now I tend not to because it's so expensive.
----------------------------------------------------------------------
Laptops are quicker and lighter now so you don't need breakfast to operate them, understandable

posted on 12/9/24

comment by Devonshirespur (U6316)
posted 8 minutes ago
comment by Busby (U19985)
posted 7 minutes ago
I guess you have to consider whether an affordable, government owned rail system had a positive enough impact on the economy to justify what would be significant losses.

Even if private railway profits were £0, it'd still be expensive and badly run.
----------------------------------------------------------------------

That's the thing.

Network rail is publicly owned and only makes 25% of its revenue from the money it charges the franchises to use the infrastructure.

It doesnt make anywhere near enough money to cover its costs and invest and the Govt effectively put in 70% of its revenues.

Unless it massively increased its costs to users, it is not a stand alone viable business.

The companies who use the network are viable, make profits, pay dividends, pay tax.

There is a question of whether they should be more strictly controlled in terms of profits and dividends.

But, as Rosso points out, £2bn paid in dividends in 10 years is a big number but actually a drop in the ocean in terms of their revenues. If no dividend was paid, putting £200m a year back into the system, the impact on ticket prices would be minuscule - about 2%. (Rail ticket revenues is about £10bn a year).
----------------------------------------------------------------------
Those £2bn in dividends are a) only the dividends (they don’t represent the entirety of the profit taken out of the system), and b) are only the dividends paid by the three largest rolling stock companies, not the entirety of the private interest in the system.

I had a mate who worked in accounting for one of those three rolling stock giants btw, Eversholt. It has an office in London (where she worked), but the two holding companies who own Eversholt are registered in Hong Kong (listed) and the Cayman Islands (wholly owned).

So as to the profits being taxed…

posted on 12/9/24

My biggest gripe is the absolute fecktards that sit in the aisle seat but just move their knees to the side to allow you to pass to get out. JUST FECKIN GET UP YOU LAZY, RUDE CVNT!!!!!

posted on 12/9/24

Scotrail was run by a Dutch company in the last Franchise contract before it was nationalised. So the profits just went to the Netherlands

posted on 12/9/24

Here’s Lord Sikka addressing Parliament last month:

“Just three companies – Angel Trains, Eversholt and Porterbrook – own 87% of the rolling stock, which is then leased out to train companies.

All three of these have complex corporate structures and are controlled from an entity in Luxembourg, which obviously means tax dodges.

100% of their income is derived from the public purse. In the last decade, ROSCOs have paid £2.7 billion in dividends.

They have a profit margin of 41.6% and no UK taxes paid on any of their dividends.”

All of that profit straight to largely private stockholders all registered outside the country in tax havens (other rolling stock companies are registered in Jersey and, as noted above, Cayman) with not a penny paid in tax on it.

posted on 12/9/24

I always seem to sit next to the only person going as far as me on a crowded train. Then there is the awkward moment a couple of seats together are free, and I have the choice to go and sit in them or stay sitting next to a stranger. No idea why I find this awkward, the person obviously wants me to move but in my head I am thinking it is a bit disrespectful to them.
By the end of the journey there is just the 2 of us sitting next to each other in an otherwise empty carriage. And that person probably wanted to get off 10 stops ago but was uncomfortable asking me to move...

posted on 12/9/24

People.

posted on 12/9/24

Oh reminds me of a top tip to use on a plane, mainly Ryanair. Unless it's a full flight, don't buy a seat, just get on last. Then any remaining free seats are yours to choose from and you just say it's your seat. Always gets me a window seat for free.

comment by kinsang (U3346)

posted on 12/9/24

comment by Michel Pageaud (U1734)
posted 1 minute ago
Oh reminds me of a top tip to use on a plane, mainly Ryanair. Unless it's a full flight, don't buy a seat, just get on last. Then any remaining free seats are yours to choose from and you just say it's your seat. Always gets me a window seat for free.
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Never have that issue on business...........

posted on 12/9/24

just got on a bus in Albania for 30p. After travelling across the country in a bus for 2 hours, for £4.

posted on 12/9/24

comment by rosso says the time has come to unlock the unl... (U17054)
posted 1 hour, 18 minutes ago
Here’s Lord Sikka addressing Parliament last month:

“Just three companies – Angel Trains, Eversholt and Porterbrook – own 87% of the rolling stock, which is then leased out to train companies.

All three of these have complex corporate structures and are controlled from an entity in Luxembourg, which obviously means tax dodges.

100% of their income is derived from the public purse. In the last decade, ROSCOs have paid £2.7 billion in dividends.

They have a profit margin of 41.6% and no UK taxes paid on any of their dividends.”

All of that profit straight to largely private stockholders all registered outside the country in tax havens (other rolling stock companies are registered in Jersey and, as noted above, Cayman) with not a penny paid in tax on it.
----------------------------------------------------------------------

Dividends are the distribution of profits.

look, dont get me wrong, some of these rolling stock companies like so many other large corps do all they can to evade paying UK tax. That is at a massive cost to the UK and other economies .

But the flip side of that is that nationalised sectors fail to perform and come at a massive cost to tax payers due to inefficiencies, while not delivering, and that's before even considering subsidising tickets.

The ROSCOs have delivered 1000s of new trains and coaches and while they have made good money, and probably too much, they have delivered. The money they skim is a fraction of the overall system and does not contribute significantly to the things most people beef about - which is ticket prices, timely running and capacity. Capacity is probably the biggest factor in the inadequacies of the our system and that is not something easily or cheaply addressed by the Government owned Network Rail. Just look at HS2 - £65bn to Birmingham

If the Government can go after them for tax or a new windfall tax then I am sure they will - that also isnt easy or necessarily possible without inter-country collaboration.

If you think this country's rail network isnt good enough and is too expensive because it is partly privatised and dividends are being paid out, then you are wrong. It's issues are far more fundamental than that renationalising it would not mean a better service, more investment or reduced prices and it would probably result in the opposite.

posted on 12/9/24

comment by Michel Pageaud (U1734)
posted 1 hour, 19 minutes ago
just got on a bus in Albania for 30p. After travelling across the country in a bus for 2 hours, for £4.
----------------------------------------------------------------------

Even a model railway costs at least £125 on amazon and that's 1:76 scale. Trains are expensive in this country, even the tiny ones.

comment by Silver (U6112)

posted on 12/9/24

comment by Michel Pageaud (U1734)
posted 3 hours, 40 minutes ago
Would you be up for privatising the road network Devon guy?
----------------------------------------------------------------------
That M6 Toll is brilliant - like the 60's M1 and the pigs don't bother much with it.

comment by Silver (U6112)

posted on 12/9/24

comment by Devonshirespur (U6316)
posted 2 hours, 53 minutes ago

Not directly but I'm sure the Govt have our pensions in there getting a return, as will many private pensions.

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Not sure you understand how pensions are provided for, mate?

comment by Silver (U6112)

posted on 12/9/24

comment by Michel Pageaud (U1734)
posted 2 hours, 12 minutes ago
Oh reminds me of a top tip to use on a plane, mainly Ryanair. Unless it's a full flight, don't buy a seat, just get on last. Then any remaining free seats are yours to choose from and you just say it's your seat. Always gets me a window seat for free.
----------------------------------------------------------------------
Fvck using Ryanair.

comment by Silver (U6112)

posted on 12/9/24

comment by kinsang (U3346)
posted 3 hours, 32 minutes ago

Compared to most countries, we are still a relatively low taxed country
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You sure about that?

https://www.bbc.co.uk/news/magazine-26327114

posted on 12/9/24

comment by Devonshirespur (U6316)
posted 44 minutes ago
comment by Michel Pageaud (U1734)
posted 1 hour, 19 minutes ago
just got on a bus in Albania for 30p. After travelling across the country in a bus for 2 hours, for £4.
----------------------------------------------------------------------

Even a model railway costs at least £125 on amazon and that's 1:76 scale. Trains are expensive in this country, even the tiny ones.
----------------------------------------------------------------------
Roads are expensive too and I don't use 99% of the roads I pay for with my tax money. We should not be funding roads from our tax money. The customer gets FREE ROADS.

posted on 12/9/24

comment by D'Jeezus Mackaroni (U1137)
posted 3 hours, 6 minutes ago
I always seem to sit next to the only person going as far as me on a crowded train. Then there is the awkward moment a couple of seats together are free, and I have the choice to go and sit in them or stay sitting next to a stranger. No idea why I find this awkward, the person obviously wants me to move but in my head I am thinking it is a bit disrespectful to them.
By the end of the journey there is just the 2 of us sitting next to each other in an otherwise empty carriage. And that person probably wanted to get off 10 stops ago but was uncomfortable asking me to move...
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At that point you just have to go to the toilets on the train and have s3x

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