Theresa May’s Conservatives have betrayed the people of the UK by selling off an unprecedented level of NHS services to Richard Branson, a crony capitalist who exploited his political connections to make a fortune from railway privatisations.
Richard Branson was gifted a monopoly of a chunk of the UK railways at knock down prices, with no strings attached, charged huge amounts for their services, ran the stock and railways into the ground, and could make a huge profit by selling the railways back to the government.
If Theresa May is going to be the next Margaret Thatcher, who unleashed the banksters on the people of the UK with the “Big Bang,” and handed the economy to crony capitalists in her ignorance, bias and greed, it will be a disaster for the UK.
If Brexit means the continution of the corporate robbery under Theresa May, it is not worth having. The people are sick to death of the crony capitalists in bed with corrupt politicians. Theresa May is very mistaken to think they will tolerate her for very long if she takes them for a ride and selling chunks of the NHS to Richard Branson is taking everyone for a ride. This is not the nineties. This is 2016 and people like me, who know how finance and economics works, can raise objections on the internet.
Theresa May, after all, is the PM who is so incompetent or so cynical that she lost a clear cut case at the High Court about whether parliament needed to vote again on Brexit. She has, moreover, allowed her Attorney General Jeremy Wright, who failed so miserably to state the government’s case, to appeal the ruling at the Supreme Court. How does she expect this to work?
Even the Economist admitted the so called rail privatisation was a disaster for the tax payer, the user and a windfall for crony capitalists like Branson with personal links to politicians.
This privatisation has been a catalogue of political cynicism, managerial incompetence and financial opportunism. It has cost taxpayers billions of pounds and brought rail travellers countless hours of delays. Unless radical changes are made, things will get worse.
The man charged with sorting out the mess is Sir Alastair Morton, former chairman of Eurotunnel, who has recently been put in charge of a new Strategic Rail Authority. He has been brought in to knock heads together. He will have to work closely with another newcomer, Tom Winsor, a lawyer, who starts work as the main rail regulator on July 5th. Nobody should envy either their jobs.
The scandal of rail in Britain is the gulf between the opulence of the rail companies and the oppression of their passengers. Anyone who has had the misfortune to board a train since the network was broken into its four main component parts of track, rolling stock, maintenance and train operators (such as Virgin Rail and First Great Western), and sold in almost 100 pieces in 1995-97, has suffered from shoddy service and reliability.