Could London Underground services be franchised?

[MCR247]

So what are LOROL responsible for?! :L

 

[DavyCrocket]

Tbf, the Moderation of Competion was written into the franchise by the DfT, not Virgin

Well Virgin could have accepted the competition. After all Beardie often complains about the regulations in place and is a fan of non regulation. (I'm not a WSMR advocate by the way, just what's been in Private Eye!)
--- old post above --- --- new post below ---

So what are LOROL responsible for?! :L

Operation of the trains and stations, revenue collection and protection and employment of staff.
They do also share revenue risk (90/10 to TfL, IIRC) as well as their dosh for running the trains and the likely bonus.

 

[Mojo]

So what are LOROL responsible for?! :L

Operating the train service, providing the station staff and train crews, selling tickets, maintaining the trains and stations, service control, CCTV, revenue protection, managing station upgrade projects.

 

[DazzMcGuinness]

Could there be a case to float the Underground on the stock market, so that those who use it become official stakeholders rather than taxpaying contributors? It'd mean the people would have more of a say, if ultimately less of a right to protest, at the way their transport was controlled and operated.

'McGuinness

 

[DavyCrocket]

Could there be a case to float the Underground on the stock market, so that those who use it become official stakeholders rather than taxpaying contributors? It'd mean the people would have more of a say, if ultimately less of a right to protest, at the way their transport was controlled and operated.

'McGuinness

Like British Gas, BT, BP and soon the Royal Mail you mean?

The past few years has shown that there is not enough money to be made, therefor the scope for private investment is reduced.
What could work is that HMG could invest in public services and then reap the reward of the improvements through better productivity, more employment, easier access.

 

[colchesterken]

As I see it, all privatision does is add another layer of cost to pay shareholders and chief executivies. look at the shambles we have in gas and electric the increased costs and the profits being made by ther power companies.look at the subicides paid to companies like virgin when all that could be ploughed back in the railways