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."
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