Rail privatisation: Tories admit they were wrong

At the time I couldn't find anyone to explain to me how paying shareholders a public subsidy could be cheaper than using that money directly for rail services. It seems that perhaps I was not far off the mark after all.

Launching a Conservative Rail Review today the shadow transport secretary Chris Grayling said that privatisation pushed up the cost of running the railway system - and hence fares - and the party would not seek to reprivatise the system if it returns to power.

It just seems like politicians like wasting public money -the latest example being the millions being spent on botching ID card introduction: they are paying people to not produce industry-usable specs for a 'product' the public arguably will not want when [and if] it's rolled out.
Guardian Unlimited Politics | Special Reports | Tories switch track on rail policy:
Filed in: UK, politics, rail, transport, privatisation