Wednesday 28 January 2009

Why the railways cost so much

This from the Press and Journal...

Scottish train operator First ScotRail, which put up many of its fares by 6% at the start of this year, has reported a 60% jump in profits

An unnamed director received emoluments and pension contributions totalling £466,351 in the latest period, up nearly 70% from the £276,595 payout its best-paid boss received in 2006-07.

Here's a novel thought!

Perhaps if Train Operating Companies paid their fat-cat directors and greedy owner groups rather less, then maybe the railways wouldn't be so bloody expensive to run?