Research undertaken by CRESC, Manchester, estimate that the private train companies are taking out £2.47 for every pound they put in.
http://www.theguardian.com/commentisfree/2013/nov/04/rail-privatisation-train-operators-profit
Corporate welfare General
FirstGroup reaps dividend despite rail franchise surrender
FirstGroup made a £40m dividend from Great Western Railway (GWR) last year, despite previously exiting its GWR contract to avoid paying £800m to the government. FirstGroup has run GWR since it was privatised in 2006. […]
Corporate welfare General
Private finance initiative for elderly care in Northamtonshire: A good example of a bad PFI contract.
A recent BBC article has shed light on yet another failed PFI contract – this time, involving elderly care in Northamtonshire. Looking at the results of Northamptonshire’s Stabilisation Plan, the BBC report discussed how the 25-year contract […]
Corporate welfare General
NHS expenditure on outsourced patient scans: Money that could be money better spent?
Highlighting findings from the Royal College of Radiologists, ‘Clinical Radiology UK Workforce Census 2017 Report’, a recent BMJ news article calls attention to the rising expenditure by the NHS on outsourced radiology patient scans. With […]