equality is better for everyone. manchester young greens november 2014 who gets the benefit?
TRANSCRIPT
Manchester Young GreensNovember 2014
www.facebook.com/EqualityNorthWest
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)
Manchester Young GreensNovember 2014
www.facebook.com/EqualityNorthWest
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
Manchester Young GreensNovember 2014
www.facebook.com/EqualityNorthWest
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."
Manchester Young GreensNovember 2014
www.facebook.com/EqualityNorthWest
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
Manchester Young GreensNovember 2014
www.facebook.com/EqualityNorthWest
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
Manchester Young GreensNovember 2014
www.facebook.com/EqualityNorthWest
"Rarely has the British public been boondoggled
quite so systematically and on such a scale"