Wanted to travel from London to Geneva next month. Almost 600 quid return, the vast bulk of that will be on Eurostar tickets. What's going on with the service?
It depends which trains and what times you are looking at - Eurostar is very expensive in times of high demand because the cheap tickets get snapped up but can be relatively affordable if you choose less popular times.
I rarely pay more than £100 a leg booking 4-6 weeks out for Brussels-London. Tickets start at c.£40 return for both routes, so the answer to 'what's going on' is essentially 'people are using the train'
I kind of wish it was nationalised and subsidised to have cheaper fares.
It is nationalised - by the French! SNCF are majority owners of the parent company, not sure what SNCB/NMBS hold in the Eurostar specific subsidiary or the overall Eurostar group.
Eurostar used to be 40% owned by the British government through London & Continental Railways (the owners of HS1), but their share in Eurostar was sold to the Ontario teacher's pension fund at about the same time the pension fund was granted a 30-year concession over HS1, by messers Cameron and Osborne.
Or at least another operator run to compete with it, but that doesn't seem to be happening anytime soon.
Been promoted a number of times. DB want to run Cologne/Frankfurt-London Services but every time they get close either the Channel Tunnel safety rules or the economics of the business case trip them up, security often costing just too much to provide at German stations. I believe the Spanish have expressed interest in running an OAO operation from London-Paris as a direct competitor but nothing particularly serious appears to have come of it. DB at least got as far as getting an ICE3 into St Pancras (believe it was Diesel-Hauled from Calais though) as a publicity/demonstrator event.