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Stockbrokers and the government's Royal Mail share sale website have been overwhelmed by demand from the public keen to buy shares in the biggest privatisation since John Major sold off the railways in the 1990s.
Selling off the railways was a bad idea in principle, as it transformed them from being a public service to a business, where the overriding aim was profit maximisation.
Mick Cash, RMT acting general secretary of the RMT rail union, said: "People will simply be priced off the railways while the greedy train operating companies are laughing all the way to the bank".
"We don't want to sell off the railways, what we want to do is introduce competition.
The Government needs to do more to stop the squeeze on commuters and avoid pricing people off the railways.
The Campaign for Better Transport condemned the increase, saying some passengers were "finding themselves priced off the railways".
Similar(48)
But first we were fed and watered, and rested in a couple of old wagons that giant cranes had now lifted off the railway lines.
With the HS2 contracts flatlining, maybe now would be the time for the government to call off the railway line that was going to run through their constituencies.
Many branch lines were wiped off the railway map along with major routes such as the Great Central main line through North Buckinghamshire.
A bomb, alleged to be Chinese, went off on the railway track near Mukden (Shenyang) and gave the signal for a surprise Japanese attack on the Chinese Nationalist garrison and arsenal in the city.
While Tory ministers claimed that selling-off the railways would bring "benefits to passengers and taxpayers", and scoffed at opposition concerns, the latest above-inflation price increases in Britain's rail fares – already by far and away the highest in Europe – shows once more that the serial privatisers of John Major's Conservative government got it very, very wrong.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com