Renationalising the railways could save the taxpayer £1.2 billion a year, according to a union-commissioned study

Renationalising the railways could save the taxpayer £1.2 billion a year, according to a union-commissioned study.

The report - for Aslef, the Rail, Maritime and Transport (RMT) union, the Transport Salaried Staffs Association and Unite - said savings could be achieved through cheaper borrowing costs, removing shareholders' dividends and reducing fragmentation.
The study, by the Transport for Quality of Life think tank, said £300 million alone could be saved by taking train operating companies into public ownership.
A survey of 2,000 people as part of the research found that 71% believed privatised train companies were more concerned with making profits than providing affordable fares and a decent service for passengers. Only 19% believed that the railways should remain in private hands.http://www.huffingtonpost.com/2011/09/27/nationalised-rail-may-sa_n_984191.html