Rail privatisation has been an absolute disaster in the UK. From the East Coast Main Line franchise being renationalised [0] to the abysmal service provided by Southern Rail [1].
Natural monopolies belong in the hands of arms-length government owned companies.
Natural monopolies belong in the hands of arms-length government owned companies.
[0] - https://blogs.lse.ac.uk/politicsandpolicy/the-east-coast-fra...
[1] - https://www.standard.co.uk/news/transport/uk-rail-passengers...