£417 million spent subsidising private train companies last year

View original £417 million spent subsidising private train companies last year

The Times has reported that £417 million of taxpayer funds was spent subsidising private rail operators last year. This is the first time since 2008-09 that the Government has had to prop up the railways, which had paid more in tax than they received for the last ten years. Northern Rail received the largest net subsidy per passenger. Shadow Transport Secretary, Andy McDonald said: “The news that the government is pouring yet more money into the pockets of private train operators will come as a kick in the teeth to passengers who have seen fares soar above wages and suffered poor services since the Conservatives took office. Labour will end the Tories’ great train robbery by bringing the railway into public ownership.”

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