Since they sold off British Rail the amount of public subsidy has gone through the roof, the quality of service has gone through the floor, and the fares have skyrocketed, and the timetables are a laughing stock, and the trains are filthy. And the shareholders are doing very nicely indeed, as are the executives.

You've even got Conservatives calling for re-nationalisation. The only reason the "Labour" Government doesn't do it is because it thinks that, if it renationalised, the Government would be having to carry the blame.