Reply to post:

That thing we do in the UK? Should be ILLEGAL in the US, moans ex-State monopoly BT

Terry Barnes

"I would suggest that the reason the nationalised east coast line only made money because they made no investment in loco's or rolling stock while it was nationalised."

The model used in the UK doesn't allow the franchises to own trains. The trains are owned by rolling stock companies (roscos) who lease the trains to the operators. East Coast couldn't have bought trains even if it wanted to.

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