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TORY privatisation ideology will see Britain lose out financially when the government sells its 40 per cent share in Eurostar cross-Channel rail services says the Rail, Maritime and Transport union (RMT).
New figures from Eurostar show increasing turnover despite the so-called “World Cup effect” — potential passengers delaying overseas trips until the competition ends.
Eurostar reported passenger numbers rising 2 per cent to five million in the first half of 2014 and sales revenue up by 0.5 per cent to £456m.
Despite the success, the government plans to sell Britain’s Eurostar stake — possibly to France’s state-owned rail company SNCF, which already has a 55 per cent stake.
RMT acting general secretary Mick Cash said: “The Eurostar figures show continuing growth with the prospect of increasing demand and profitability well into the future and make a nonsense of this government’s plans to sell off Britain’s 40 per cent stake.”
