Why are private rail firms paying shareholders so much profit when they’re so far in debt?

Mick Lynch: he knows what he’s talking about. What a pity his interviewers can’t say the same.

Have a gander at this video clip, courtesy of the TUC – if you can get past the bizarre behaviour of the interviewers.

To me, it seems a very strange way of running a business.

If a firm is making a loss, it seems very strange behaviour for a national government to subsidise it – especially if it is still handing over huge amounts in dividends to shareholders.

That money should be covering the firm’s losses, shouldn’t it?

No wonder Mick Lynch’s union members haven’t had a pay rise in four years – and I’m willing to bet it was a pittance then!

Some might say low wages are better than being unemployed – but if these firms are being parasitised by fatcat investors, then by rights, they should be closed down and the bosses (and the investors) prosecuted for misuse of public funds.

Or so it seems to me.

Perhaps the government believes that the railways must continue running – but in that case, the obvious answer presents itself. It’s one that Mr Lynch himself points out the government has used.

Re-nationalisation.

Then there would be no shareholders to take dividends that should be invested.

Am I mistaken?


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Be among the first to know what’s going on! Here are the ways to manage it:

1) Register with us by clicking on ‘Subscribe’ (in the right margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

5) Join the uPopulus group at https://upopulus.com/groups/vox-political/

6) Join the MeWe page at https://mewe.com/p-front/voxpolitical

7) Feel free to comment!

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.


The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

latest video

news via inbox

Enter your email address to follow this blog and receive notifications of new posts by email.

Leave A Comment