The TUC general secretary, Frances O'Grady, said the report highlighted again how private train operators relied upon public subsidies. "Rail franchising has provided train companies with the perfect cover to use taxpayers' money to line their shareholders' pockets," she said.
"It is laughable for ministers to carry on insisting that rail privatisation is delivering value for money. The government's decision to re-privatise the east coast mainline looks more foolish by the day'
http://www.theguardian.com/uk-news/2...idends-subsidy
'kickback anyone?'