Train fares are going up. We learned that last week, although “learn” is putting it strongly. We knew they would. It’s not as if they would go down: train fares go up, like electricity bills, gas bills, water bills, rent and chief executives’ salaries. To the loyalists of the Thatcher-Blair-Cameron succession, higher train fares are a positive, because they mean lower subsidies: another incremental step in a 35-year programme to shift the burden of paying for infrastructure from the well-off to the strugglers. To most of us, it’s another sign of the folly of selling off the railways. But amid the dismal annual round of fare rises, it’s easy to miss another, stranger, more gradual sign of the failure of the vast social and economic experiment conducted on the British people since 1979: privatisation.
A trio of awkward synthetic words has begun to appear among the owners of private train companies that looks as if a computer has been asked to name the new musketeers: Abellio; Govia; Keolis. What these bland corporate signifiers mask is state-owned but commercialised European rail firms. Collectively, European state railways now own more than a quarter of Britain’s passenger train system.