Rampant unions will embed high inflation

So farewell, Transpennine Express, the northern rail operator whose hapless management were no match for the Aslef union that was determined to see this underperforming franchise renationalised. TPE’s drivers, beneficiaries of the super-luxury conditions I recited last month, have effectively invented a new form of moral hazard: have no fear of crippling your employer with outrageous demands and relentless non-cooperation, because if it goes down, the government will step in and re-employ you on the same terms or better.