I remember too, and I agree. Problem was that govts kept taking back the investment spending. Cos they could always find something else to spend it on. If it had had investment of the current levels it would have been much better.
Nationalisation is politically idiotic cos the govt that nationalises will be blamed for every late train and any rise in fares.nationalisation is a good idea but not a good idea politically. few votes will be won by doing it and loads will be lost.
And the govt will still take back the investment spending. Probably why labour want to nationalise.
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