I like Jeremy Corbyn’s stated aim to reopen the railway line from March to Wisbech as soon as possible if he becomes PM. As things stand we have endless reports on the subject but no action. Corbyn is naturally in favour of the renationalisation of the railways, but the track infrastructure has been in public ownership since 2002, when Railtrack effectively went bust. It is only the train operating companies and the rolling stock leasing companies that are privatised. I think the policy to take back the railway operators into public ownership as the franchises come up for renewal is the right way to go; it costs nothing to the taxpayer and returns the train operations to those who ought to own them, the people. Instead of paying large subsidies to companies like Virgin Trains and Abellio, the money would be retained in the public sector. Why ever are we filling the pockets of Sir Richard Branson and the Dutch national rail operator in this way? I like LABOUR’s policy on the rail industry; I wish that all their policies were as fiscally neutral as this one!
What about the commitment of Corbyn to abolish university fees? I was one of the lucky generation who not only got our fees paid but got a grant towards living expenses too. The number of young people attending university in those days was under 10%, and the cost to the government was affordable. With that number now nudging 50%, the ongoing cost to the taxpayer would be quite outrageous. The policy is naturally popular among the young, or a section of them at least; whether it ought to be popular among those young people who do not receive a university education (but will nonetheless be expected to pay for those who do) is another point entirely. If political affiliation had anything to do with self-interest none of this group would support the Labour Party, but it has much more to with the idealism of youth. Even this idealism would surely be sorely tested among those unfortunate young graduates who already have student debts of many thousands of pounds to repay. After rashly promising to pay off these debts too, the mind-boggling sum this would cost caused even the Labour leadership to have second thoughts; instead they have said they will merely “think about it”. While the Labour Party is thinking about this, the better paid graduates will have paid off their debts; can they then look forward to a massive lump sum in repayment of the money spent on their fees? Of course not, but that would be the only fair option to pursue. With all these proposals Labour have got into deep waters indeed; where do they see the money coming from for all their schemes? I think they even said they would reduce the deficit at the same time!
The SCOTTISH NATIONAL PARTY’s plan to set up a not-for-profit alternative to the big energy companies has the potential to provide the way forward in that country. The oligopolies in energy supply are worse than the nationalised industries that they replaced. However, given the SNP’s abysmal record in administration, I wouldn’t count on anything they try to do being a success. Scottish education used to be the envy of the world; look at it now! Scottish universities are still free for Scottish students, but the expense of providing this has been ruinous for the rest of the education system. Further education in Scotland has more or less collapsed.
The LIB DEMS are stuck in an unhappy place; their resolute determination to remain in the European Union should have garnered them much support, given that nearly half the electorate voted that way in the referendum. Moreover, they are the only major party to unequivocally take that position. Nonetheless their parliamentary representation is only 20% of what they enjoyed just a few years ago. I hesitate to mention university fees once again, but their volt face on the subject is the only thing I can point to that could account for their reversal in fortunes.
What can I say about the TORIES? Their tinkering at the margins of student loans is pathetic; it doesn’t impress anyone, and nobody will vote for them because of this. They are in a terrible position; with no majority in Parliament they are attempting to put into effect the greatest constitutional change in this country since the Second World War that is Brexit. Not only that, but most of Parliamentary Conservative Party plainly do not in their heart of hearts believe in the policy they are committed to implementing. I contrast this with the rapidly shrinking paid-up Tory Party membership, who are about 100% Leavers. Mrs May’s inclusive social policy has no prospect of ever being brought about. Much of it is in direct opposition to her party’s pro-business values. Even if it had a chance of success, it is not part of a conservative mindset; it might be a very good thing (or it might not) but the Conservatives should leave Socialist values to a socialist party. The Tories cannot gain from aping Labour at very turn. The true believers will always vote Labour, and the conservatives will have nothing to go to the ballot box for.
You will have noticed how often the subject of university fees has raised its head. The fact is there are far too many universities. At least half are providing a poor standard of education to intellectually challenged students. Many of the rest used to provide a perfectly good technical education without an academic veneer on which successful careers could be built. Worse than possessing this travesty of a degree level qualification, few of these low-end graduates will ever earn enough to pay off their student loans in full, though most will earn enough to ensure that they pay a higher rate of tax than their more sensible non-graduate counterparts. The whole higher education system is a pig’s breakfast.
We live in interesting times.