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B412 - Railways Bill 2012

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    (Original post by Rakas21)
    Should be later i imagine.

    When Railtrack went into administration it had debts of £4.4 billion, Network Rail declared a debt of £25 billion last year. Strange considering that the figures say that the cost of running the railway is lower now than it was in 2003.

    It is effectively the reason why the government did not admit to nationalizing railway infrastructure when they created Network Rail and the ONS had to argue with the treasury for years because they did not want to add on the debt.

    I don't see how they can argue that Network Rail is not public given that they have an 82% stake in RBS but a 100% stake in Network Rail.

    Nationalization through the back door - Oh how i hate Gordon Brown.
    Gordon Brown was against Rail Nationalisation because the Union's voted at the 2004 Labour Conference in favour of nationalisation, he and the Leadership struck it down on cost grounds.

    The NAO and Statistics Commissions say it is the public sector whereas the ONS say it is in the private sector.

    Regarding the debt, I don't know.

    Transport is a shared competence between Member States and the EU (I think)
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    (Original post by Morgsie)
    The EU's policy is opening up competition and creating a single rail area as part of the Internal Market. Official Statement from the DfT: http://www.dft.gov.uk/news/statement...ning-20111207/

    The European Parliament voted on this last November.
    Sounds brilliant, keep me informed.
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    (Original post by Rakas21)
    Sounds brilliant, keep me informed.
    EU Rail Policy website: http://ec.europa.eu/transport/rail/index_en.htm
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    (Original post by Morgsie)
    Gordon Brown was against Rail Nationalisation because the Union's voted at the 2004 Labour Conference in favour of nationalisation, he and the Leadership struck it down on cost grounds.

    The NAO and Statistics Commissions say it is the public sector whereas the ONS say it is in the private sector.

    Regarding the debt, I don't know.

    Transport is a shared competence between Member States and the EU (I think)
    Ah true but it's already done in all but name.

    Yes but the ONS actually wants to declare it as public, the treasury will not allow them to because then you accept the huge debt in the figures. Either way, an entity with about £6 billion of revenue should not be allowed to run up the equivalent of 400% debt.
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    (Original post by Rakas21)
    Ah true but it's already done in all but name.

    Yes but the ONS actually wants to declare it as public, the treasury will not allow them to because then you accept the huge debt in the figures. Either way, an entity with about £6 billion of revenue should not be allowed to run up the equivalent of 400% debt.
    That vote was regarding TOCs when their Franchises expire.
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    (Original post by Morgsie)
    EU Rail Policy website: http://ec.europa.eu/transport/rail/index_en.htm
    I quite like this..

    proposes extending access rights to railway infrastructure for all freight services and international passenger services;

    it also proposes promoting the creation of a number of trans-European rail freeways for freight.

    http://europa.eu/legislation_summari.../l24014_en.htm
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    (Original post by Morgsie)
    That vote was regarding TOCs when their Franchises expire.
    Ah yes, i thought we were just referring to Network Rail.
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    (Original post by Rakas21)
    I quite like this..

    proposes extending access rights to railway infrastructure for all freight services and international passenger services;

    it also proposes promoting the creation of a number of trans-European rail freeways for freight.

    http://europa.eu/legislation_summari.../l24014_en.htm
    http://www.consilium.europa.eu/uedoc...ans/126899.pdf

    December 2011 Trasnport Council, first item relates to the Single Rail Area
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    Surprised that railways are losing out in Europe as well, seems the UK is thriving much more.
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    (Original post by Morgsie)
    http://www.consilium.europa.eu/uedoc...ans/126899.pdf

    December 2011 Trasnport Council, first item relates to the Single Rail Area
    Do you know which two states did not agree?
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    (Original post by Rakas21)
    Do you know which two states did not agree?
    No, Sorry.

    This is the thing with EU documents, you get the main gist but it does not go into detail on particular votes.
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    (Original post by Rakas21)
    I assume you mean nationization?

    Network Rail is nationalized and it's been allowed to balloon up debts of £20 billion in 8 years.
    Of course I mean nationalisation - I mean all types of public transport, however.
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    This has gone to a second reading, here.
Updated: February 26, 2012
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