So many things wrong, we were never the envy of Europe, we were the cash cow of Europe. European state operators ran our services for profit to subside their own.

The rolling stock leasing companies are the place where all the money goes, I would rather see them nationalised than the franchises themselves. However as they are owned by the banks we can't touch them.

Also the claim that privatisation increased passenger numbers is wrong, they were going up before.

Additionally the idea that the private system is cost effective is wrong aswell. The subsidy paid out to the rail is higher now than under BR.