Is it not the case that what we are seeing here is not a free market situation at all? In a free market situation, a failing franchisee would lose money, too. The current situation is tantamount to going into a casino, putting on a bet, losing and being given back the stake. Surely risk should be shared with the private sector in future arrangements so it takes a hit, as well as the taxpayer.
Transport Secretary: East Coast Franchise
Proceeding contribution from
Lord Beamish
(Labour)
in the House of Commons on Wednesday, 23 May 2018.
It occurred during Opposition day on Transport Secretary: East Coast Franchise.
Type
Proceeding contribution
Reference
641 c868
Session
2017-19
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2022-08-28 18:40:43 +0100
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