However, looking at where the money comes from is only part of the equation: it is also necessary to see where the money goes. The fragmented system we have because of the way the railways were privatised is relatively inefficient and so costs more to run. Carrying out engineering works through a sub-contractor rather than in house involves extra costs. Profits are siphoned out of the system to pay shareholders and fat-cat salaries. Companies are allowed to walk away from contracts if they do not deliver the desired…

Source: The Times January 01, 2019 23:58 UTC