Eurostar

05 December 2013

SNCF, the French state-owned rail company, has a majority interest in Eurostar, which more than doubled its profits to £52 million last year.

‘The coalition sold this country short on the Royal Mail and it’s going to sell this country short on Eurostar. I don’t believe in privatisation, because I know it doesn’t work, but if you’re going to do it, and the Conservatives and their Lib Dem allies say they will, then you would think they would try and get the proper value, wouldn’t you?

‘The trouble is that David “Del Boy” Cameron seems to think he’s the proprietor of Great Britain plc, and the country is a sort of Trotter Trading, where everything has to be sold off at bargain basement prices. That means the taxpayer loses out and his hedge fund mates in the City make a private profit at public expense.

‘The right thing to do would be to keep this successful publicly-owned service in the public sector, to give the government a real say in how it develops, and all of us a share in the profits.’

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