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It is widely held that most railway services are inherently loss-making, but politically necessary, thus requiring some form of public subsidy.
In 1890, at the end of its eighth 600-page volume, this distinguished, though loss-making, venture had to fold.
Would not the annihilation of a loss-making service actually produce a net saving, or, indeed, a profit for the other operator?
There is the trading function, which deals with the profitability or loss-making of the business.
Are loss-making industries in the public sector to be pushed even lower?
Often they are loss-making, scruffy and down-market and provide only limited or poor quality services in an atmosphere of shabby, political agitprop.
In these circumstances, only one other possibility is feasible—that the loss-making assets should be foisted on the local authorities.
They are the less loss-making part, the plums.
It means converting loss-making nationalised industries from leeches siphoning off resources from elsewhere into new centres of profit and enterprise in the private sector.
We are not dealing with an old, decaying industry with bad industrial relations, with an antiquated work force or with a loss-making factory.
In public hands a loss-making industry has an agony that is protracted and intense, and the taxpayer pays.
In other words, it was a modest success story, from loss-making to reasonable profit-making.
We recall those dreadful subsidies for loss-making nationalised industries.
That is the way to meet special needs: not to impose some specialty loss-making product on the whole area.
I understand that all of these orders are being renegotiated and some potentially loss-making contracts have been cancelled.
