Friday, 28 November 2014

The UK’s privatised railway has the highest rail fares in Europe

http://www.rmt.org.uk/news/research-shows-three-quarters-of-uk-rail-now-foreign-owned/  The research shows that twenty of the UK’s twenty seven private rail contracts, the equivalent of seventy four per cent, are now owned by foreign state owned/ backed railways with the vast majority being from France, Germany and the Netherlands.[i]

The UK’s privatised railway has the highest rail fares in Europe , MPs from the RMT’s Parliamentary group have called for an urgent parliamentary inquiry into concerns foreign state owned companies are sucking profits from the UK privatised rail industry so that passengers in foreign states are benefiting from lower fares and better services at the expense of UK passengers.