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...as we are now seeing the return of the pre-1923 railway companies. We've got Sea Containers' GNER, First's GWR, and now a planned "super-franchise" that can only be called the LNWR...

Now what - A 1923-style regrouping that will give us GNER folding into the central and northern franchises to bring back the good old LNER? Or all the London third-rail commuter services as Southern? Or even the new LNWR and Virgin's Cross Country turning into that bastion of railway proprietary, the LMS?

Only those who refuse to learn from history are doomed to repeat it...


Sep. 14th, 2004 02:31 am (UTC)
As I recall, the only one of the pre-WW2 companies which ever ran at a consistent profit was the Southern, precisely because it had a higher level of (regular commuter) traffic than the others. Since the other franchisees are still propped up by subsidy (umpteen years after the initial business plans had them paying the Treasury for the privilege of running trains), this really is a renationalisation in all but name.