RMT - National Union of Rail, Maritime and Transport Workers

11/26/2020 | News release | Distributed by Public on 11/26/2020 05:17

RMT responds to rail regulator’s report on financial impact of the pandemic

Responding to the rail regulator's report highlighting the financial impact of the pandemic RMT general Secretary Mick Cash said;

'These figures show that it is absolutely vital that the taxpayer and fare payer gets value for money from the railway.

'Unfortunately, privatisation means that the profiteering from the private train and rolling stock alone is costing the industry at least £400m a year and the amount lost to profiteering will be far more after the profusions of sub-contractors have also had their slice.

'Now more than ever we need public ownership to ensure that every penny that goes into the railway is actually invested in the railway.'