From next month the government will take back control of the East Coast Mainline and socialists everywhere will be cheering.
This is fine as long as the government can make profit on its investment in the line, which up until a few years ago was the most profitable line in the country.
However, the government does not have a great record when it comes to either bailing out private sector institutions, such as the banks- which are about to cost the tax payer approximately another £30 billion.
Admittedly they do seem to have a steady hand at the wheel in the shape of Lord Adonis, but considering there is an election next May, how long will that hand be at the wheel?
