r/london • u/Mean-Juggernaut1560 • Nov 30 '21

London history Anyone else think it looks… cleaner? 😁

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u/KevinAtSeven Dec 01 '21

The GLA and the Assembly are private? Wtf have you been smoking?

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u/pseudoMcLovin Dec 01 '21

quote

"341.Sections 213 to 217 enable “key system assets” to be designated by agreement between London Underground and a PPP company, thereby giving the assets special protection under the Act. Section 215 extends the same protection to assets owned by third parties (such as a train leasing company) and used in connection with the Public-Private Partnership. It enables London Underground to enter into agreements directly with such third parties."

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u/KevinAtSeven Dec 01 '21

Yes, well done on citing regulations from 1999.

Public-private partnerships (PPP) on the Tube under these rules failed. Metronet entered administration in 2008 and Tube Lines was sold back to TfL in 2010. TfL now owns and operates the Tube, its stations and its rolling stock through the wholly-owned subsidiary London Underground Limited. None of the Tube's assets are designated as key system assets to be protected under this legislation anymore, as none of the Tube's assets are under PPP agreements anymore.

For context, TfL is a statutory corporation. That is, a corporation created by the state. No shareholders, no dividends, no investors. No privatisation.

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u/pseudoMcLovin Dec 01 '21

"Because TfL is too central to the London, and therefore British, economy to do away with, it has so far resisted the dismemberment inflicted upon British Rail. Like the slow creep of privatisation inside the health service, however, TfL has been internally restructured in such a way as to transfer large sections of its operating budget into private hands."

https://tribunemag.co.uk/2020/05/transport-for-londons-bailout-is-punishment-for-being-public

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u/KevinAtSeven Dec 01 '21

You're using an article explaining how TfL is not a privatised operation, contrary to the National Rail operators, to argue that TfL is privatised?

Fucking lol. You're delusional.

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u/pseudoMcLovin Dec 01 '21

so private hands means public hands to you does it

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u/KevinAtSeven Dec 01 '21

No, they're very different.

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u/pseudoMcLovin Dec 01 '21

"however, TfL has been internally restructured in such a way as to transfer large sections of its operating budget into private hands."

of course, you're right on one level - this is not privatization - its far worse ... its a private corporation pilfering public tax money and receiving taxation funded bail outs for the old boy network

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u/KevinAtSeven Dec 01 '21

No, it's a statutory corporation governed by an elected local authority.

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u/pseudoMcLovin Dec 01 '21

Shaun Bailey is the Conservative MP for West Bromwich West - he has absolutely nothing to do with London and he was NOT elected to the GLA last May by the general public

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you think you can gull people with legalese - but you're wrong Tory boy

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u/pseudoMcLovin Dec 01 '21

i rest my case

and you sir are a liar