Why the Tories must smash the railopolies
Britain’s railways provide a striking example of how a half-baked privatisation goes wrong. The Centre for Policy Studies today introduces a new word to the political and economic lexicon: Railopoly; noun, the exclusive possession or control of train services by a single company (public or private) which faces no competition or threat of. The private train monopolies which have been allowed to replace the old nationalised British Rail have become entrenched in the safe knowledge that ministers will not object and regulators will keep preventing competition. But how and why? Quite apart from allowing bad policies, can’t Conservatives realise that preserving the current unsatisfactory system gives credibility to Jeremy Corbyn’s