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Privatisation 'failed' railways

Rail privatisation has led to the UK having the most expensive fares in Europe, older trains and serious overcrowding, and train operating companies entirely reliant on public subsidies, according to a new report commissioned by the TUC.

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Private train companies 'rely heavily' on public money

The franchising system allows privately-owned train operating companied to distribute profits at a low cost from public subsidy, the director of the Centre for Research on Social-Cultural Change (CRESC) said today.

Research reveals rail privatisation has led to the UK having the most expensive fares in Europe. Credit: PA

Professor Karel Williams responded to a new report which claimed that rail privatisation in the UK was "failing to deliver".

She said: "The privately-owned train operating companies have hijacked the government's rail reform agenda which is all about 'getting franchising back on track'.

"It would make sense to abolish the train operating companies and it would cost the taxpayer nothing if it were done as the franchises expired."

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