(Source: The Guardian, June 6, 2013)
LONDON — Privatized rail has meant higher fares, older trains and a greater bill for the taxpayer, with train companies diverting profits to shareholders with barely any investment, a report has found. Researchers said the public was “bamboozled” by number-shuffling in the system and called for the abolition of train operating companies, concluding that the selloff of rail had brought little private sector investment in new technology and the most expensive fares in Europe.
Full story: The Guardian