depends how they do it

there are layers and layers of duplication of management, profit margins on profit margins, advisory fees after advisory fees. So you'd think there could be some huge efficiencies made.

A simple contract to procure some new rolling stock from memory needs:
- Manufacturer (plus lawyers)
- Franchise operator (plus lawyers)
- Rolling stock owner (plus lawyers)
- At least one bank (plus lawyers)
- probably Network Rail (plus lawyers)
- definitely DfT (plus lawyers) reviewing every single contract and having collateral agreements left right and centre so it can step in if any one of these parties fails.

So I'm always interested, when people talk about 'nationalisation', in what part of the system they are actually talking about. Just the franchise operators or the whole shebang? If it's just the franchise operators then, no, nationalisation wont do squit.

Posted By: CWC, Oct 4, 10:38:23