equality is better for everyone. manchester young greens november 2014 who gets the benefit?

Equality is Better For Everyone

Manchester Young GreensNovember 2014

www.facebook.com/EqualityNorthWest

Who gets the benefit?



http://www.tuc.org.uk/sites/default/files/tucfiles/The_Great_Train_Robbery_7June2013.pdf

Twenty years later, the privatised rail system requires billions more in tax payer subsidy each year (p. 24, exhibit 7) and has failed to bring in adequate private investment in track or trains (pp. 24-5) so that average age of rolling stock has actually increased (pp. 25-6, exhibit 9)

Train Operating Companies can make profits only because since 2002 the quasi-public Network Rail runs the infrastructure with a public subsidy of around £4 billion each year (pp. 58-61, exhibit 28). Less directsubsidy for the TOCs is balanced by more public subsidy and debt guarantees for Network Rail and in this way the Treasury keeps many of the costs of rail off the public balance sheet and creates the illusion of profitability among TOCs (pp. 73-6, exhibit 40)



Energy industry price levels are between 10 and 20% higher

Less than 4% of our energy is supplied from renewable sources, much

less than other European partners



http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114608.htm

National Audit Office report 2011

The use of PFI "has the effect of increasing the cost of finance for public

investments relative to what would be available to the government if it

borrowed on its own account"

and "the price of finance is significantly higher with a PFI."



http://webarchive.nationalarchives.gov.uk/20130129110402/http://www.hm-treasury.gov.uk/d/summary_document_pfi_data_march_2012.pdf

There are 717 current projects of which 648 are operational

The total capital costs of current PFI projects is £54.7billion



http://webarchive.nationalarchives.gov.uk/20130129110402/http://www.hm-treasury.gov.uk/d/summary_document_pfi_data_march_2012.pdf

There are 717 current projects of which 648 are operational

The total capital costs of current PFI projects is £54.7billion

The total cost will be more than £301 billion over the project lifetime.

http://www.theguardian.com/politics/2012/jul/05/pfi-cost-300bn



"Rarely has the British public been boondoggled

quite so systematically and on such a scale"

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equality is better for everyone. manchester young greens november 2014 who gets the benefit?

Documents

public subsidy

current projects

costs of rail

british public

quasipublic network

public investments relative

public balance sheet

use of pfi