NETWORK RAIL REVALUATION PROVES CASE FOR KEEPING IT PUBLIC

NETWORK RAIL REVALUATION PROVES CASE FOR KEEPING IT PUBLIC

11 April 2016

RMT Press Office

Network Rail revaluation puts £100 Billion on UK balance sheet and proves RMT case for keeping it public

Confirmation by the Government this morning that a long-overdue revaluation of Network Rail's assets will put an extra £100 billion on the UK balance sheet has proved conclusively the RMT case for keeping NR in public ownership. 

 

The revaluation has straightened out a flaw post privatisation that systematically undervalued the UK's rail assets. 

 

RMT General Secretary Mick Cash said;

 

"The revaluation of Network Rail is set to pump up the UK's national balance sheet to the tune of around £100 billion and should silence those on the right who have been agitation for re-privatisation of our ‎rail infrastructure. 

 

"The revaluation also exposes again the whole twisted nature of rail privatisation that systematically under prices public assets to load the dice in favour of the private sector. Today's news should kill that nonsense off once and for all."

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Tagged with: Network Rail, Public Ownership