She just ruled out nationalisation (though is anyone actually surprised?)
Why would any Government want to nationalise the railways, that'd mean having to take responsibility for them
At the moment the Government can take all of the credit for investing money in the railways whilst shrugging off the blame for things that go wrong (which are always the fault of the private TOCs/ the "arms length" Network Rail).
This is the perfect situation for politicians
Nearly fell out of my chair when she suggested that there has never been a better time for working in the railway industry than now.
In many ways its true though.
There are more and more staff (without necessarily any improvement in productivity - how many layers of management do we need?), the wages and conditions have improved significantly compared to "public sector" jobs (which the railways once were), the unions have ensured that people keep their jobs when TOCs change hands...
...its tempting to look back at BR as a land of milk and honey but many people in the railway industry have never had things better than they currently do (at a time when many
outside the railway industry are on short term contracts/ losing jobs/ downsized etc).
Privatisation has been good news for the banks (they own the ROSCOS which are a goose laying them lots of golden eggs), good for Unions (they've more power over private TOCs than they ever had over BR), good for staff (£££), good for lawyers (how many more are there?), good for politicians (can take credit for the good things and blame others for the bad things)... its only the passengers who have had a raw deal.