I am writing a post today for those arguing about how ' government initiatives are preventing the country's economic and social development ' in a developing country like India.
Those who think that progress in developed countries like America, Britain has come from privatisation should read this post very carefully.
Railways were privatized in Britain between 1994 and 1997 Passenger fare increased by 23.5 % after privatization. Passenger fare increased twice as fast as the salary of a British citizen since 2009 According to an independent survey, 1.7 billion people travelled in 2016-2017, out of which 64 % of passengers believed that the railway should be under government control while only 3 out of every 10 Agreed that his trust is stable on the railways of the country.
British buses were privatized in 1980 Rent increased and routes that weren't beneficial were closed. Now no private company will give less facilities to the people by taking losses. So that's what happened that bus fare has been recorded a 71 % rise since 2005, while bus companies have lost 1.49 billion euros in the last 10 years. At the same time bus employees salary was cut by 15-20 % and working hours were increased multiple times. If bus services were under government control, there would be a saving of 506 million euros every year which could buy around 1356 electric buses.
In the year 1989, the government sold around 10 government companies into private hands. After that water bill increased by 40 40 % may not seem much to you, but it is very important for you to know who took advantage of it. Between 2013 and 2017 private companies paid their shareholders 6.5 billion euros. Companies have paid their shareholders £ 56 billion since 1989, according to Greenwich University research. Private company directors have been paid 70 million euros over the last 6 years. If water was under government control, it would have saved 2.50 billion euros annually, saving about 100 euros on water bill in a common British home.
' British Energy ' which was a nuclear power supply company in the private sector and supplied almost 20 % of the UK's total electricity had to bail out by the government by spending £ 410 million euros in 2002 The company's debt was so high that the company's shares were deleted from the London Stock Exchange.
In the year 2000, the NHS (National Health Service) in the UK handed over the cleanliness of the hospital to private companies on contract. 52 % of contracts were outsourced by the year 2002 with a total value of around 94 million euros. But by the year 2004, the level of cleanliness in hospitals fell so high that the government had to declare an economic package of £ 68 million for their upliftment.
Privatization will save government money and the country will develop. All these things are shocked to see these statistics.
And these figures are not fond of. Search 'Britain Failed Privatisation' on Google. Read rd result from above by clicking. weownit.org.uk is the website name run by the UK general public and is running a round of outstanding public support and campaigns to bring basic needs and facilities back under government control.
Well, the people of our country are not even educated enough to create a website to protest. Here, there are people who want to earn bread of June.
If we talk about statistics, India's Per Capita Income is 1,26,968 rupees. Britain's Per Capita Income is Rs 25,80,071 i.e. about (29,900 euro).
Hey, I forgot to tell you one thing, the price of 1 euros was 86.29 rupees till the post was written. So multiply every figure by 86.29 while reading.
Congratulations to the people of the country for privatization
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