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Virgin Trains and Stagecoach must be punished harder for their own good

The very existence of rail franchising is threatened by the cycle of overbidding and collapse. Firms should welcome disciplineThe railways and profit do not sit easily together, largely because a carriage load of other considerations need to be weighed first: safety, punctuality, affordability. The presence of private rail operators on our infrastructure is therefore contingent on the public accepting this added, complicating consideration.One way of keeping that delicate compact in place is to make clear to private rail companies, as would be the case in a purely commercial endeavour, that th...

Could East Coast hitting the buffer signal the end for privatisation?

Stagecoach’s East Coast debacle won’t be helping the investment portfolio of its multimillionaire founder Sir Brian Souter.

Labour's John McDonnell says public ownership plan for services such as water and rail will "cost nothing", while Corbyn adds it is necessary to prevent a "climate catastrophe"

Shadow chancellor John McDonnell has said the Labour party's plan to bring services such as water, energy and rail under public ownership would be "cost free".