Bob Crow, general secretary of the RMT transport union, said:
"While this report reinforces once again that our railways are nothing more than a multi-billion pound rip-off lining the pockets of a bunch of spivs and speculators, it ducks the real issue and that's the cast-iron case for public ownership.
"You can't have transparency, accountability and value for money while our railways are bust apart and run as a money-making racket for a gang of private operators."
More top news
A protest is planned 6pm today outside Stoke Newington police station
Travellers left behind an estimated 250 tonnes in Bromley
Several South West Trains services have been cancelled or delayed by up to 90 minutes