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Rail unions call on London Mayor to bring Elizabeth Line and London Overground into public ownership
An Elizabeth Line train as it enters service travelling from Liverpool Street station in London to Shenfield in Essex
RAIL unions are demanding an end to private firms’ rip-off profiteering from London Underground’s Elizabeth Line and London Overground, by taking the services into public ownership.
Train drivers’ union Aslef and rail union RMT reported that Hong Kong-based operator MTR, which runs the Elizabeth Line, paid shareholder dividends of £7.6 million last year, equivalent to a 2.4 per cent cut in fares.
And Arriva, part of Germany’s state-owned rail operator Deutsche Bahn, creamed off dividends of £9.6m from London Overground, equivalent to a 4.4 per cent cut.
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