East Midlands Rail Franchise

Part of the debate – in the House of Commons at 10:44 am on 11th April 2019.

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Photo of Paul Sweeney Paul Sweeney Shadow Minister (Scotland) 10:44 am, 11th April 2019

Is it not correct that the franchise system is a fundamentally flawed business model? Over the past 10 years, we have seen £3.5 billion extracted in dividends—money creamed off our railways that could have been reinvested had we had a proper model of public ownership and democratic accountability in our railway system. Indeed, Virgin Trains alone has extracted £53 million in the last year. It is a thoroughly inefficient system that needs to be corrected, and that includes ScotRail too.