I note Julie Boston’s enthusiasm for re-nationalising the railways, which she shares with Green Party MP Caroline Lucas and the railway unions but I feel it is time to expose the myth that by removing the need to pay dividends to shareholders it would save £1bn a year (Letters LTT 04 Oct).
In 2011/12, the grand total of profits earned by all Train Operating Companies (TOCs) came to £91m after tax and East Midlands Trains, Chiltern Railways and First Great Western all made a...
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