From the UK Government website.
Rolling stock leasing companies (ROSCOs) own most of the coaches, locomotives and freight wagons that run on the rails, which they lease to train operating and freight operating companies, in accordance with the requirements for the services the latter wish to operate.
The bigger issue is not that they have no ships, there have been several incidences of ferry companies starting up with re-painted, leased, ships from other lines, or with older ferries bought out from the current companies; it is with the fact that the company has never operated any maritime assets before. That is a bigger issue and one which will have faced significant scrutiny. Notably the press completely ignored that and went for the fantastic headline. Idiots.
I comment from Grayling's statements.
“It’s a new start-up business, government is supporting new British business and there is nothing wrong with that,” he told BBC Radio 4’s Today programme.
“We have looked very carefully at this business, we have put in place a tight contract that makes sure they can deliver for us. I don’t see any problem with supporting a new British business.”
He said the firm would be ready to deliver services from April and had been “looked at very carefully by a team of civil servants who have done due diligence on the company and reached a view they can deliver”.
The contract is one of three agreements worth a total of £107.7m signed by the government to help ease congestion at Dover by securing extra lorry capacity in the event of a no-deal Brexit.
The key part here is £107.7m Or about one week of putting Brexit related advertising on TV. Of which the lions share is going to a French ferry operator and a Danish ferry operator, of which there can be no doubt they will fulfil on the commitment. I believe the actual number for Seaborne is around £20m.
On the NI border, I certainly said the UK cannot solve this on their own. The EU is the final arbiter on border disputes which involve a non EU border, which the UK will be in a few short days. The UK cannot come to an agreement on an open border in NI without the EU agreement. It is impossible, it doesn't matter what the UK or Ireland say, the EU MUST agree to it.
What the EU has proposed (don't even confuse the Backstop with a UK wish, it is an EU demand), is totally unacceptable to the UK. Therefore the UK needs engagement and negotiation to change it. The UK simply cannot determine what the agreement will be then carry on. Saying that the UK is in disarray because it won't accept the EU "terms" is disingenuous. Yes there is a political war going on right now in the UK, it was always going to happen as the majority of the people want to leave and the majority of the politicians do not.
Right. Figures. Let's do it the simple way then.
Greece was crippled by running the Olympics, as Ireland would be if it tried to do the same, as the economies are roughly similar although the start point in debt is somewhat different. Simply put, the Olympics is now too expensive for any country but the top 30 or so in the world.
The UK could run 10 simultaneous Olympics before the budget starts to break even a bit. Even then, ten of them is less than 1.5 times what the UK government paid to bail out the banks. We should also remember that it paid in €3.8bn to the Irish bailout at the same time too, as well as all the other PIIGS bailouts.
The UK is going to be significantly impacted, in the short term, by leaving the EU. Ireland is also going to be impacted. But Ireland is going to be impacted way, way, more than the UK because it is still dealing with an EU bailout and has austerity in place to keep on producing a budget surplus to support that. The knock on impact of that is going to be significant.
Which is why I say that the NI border is as much a problem for Ireland as it is for the UK. Simply sitting there and saying "we're in the EU and so it won't touch us". That is, quite simply, not a credible or sensible position. That reminds me of the Strawbs song from the 1970's, "You can't touch me I'm part of a Union". I bet Maggie played that song quite a lot, with a smile on her face.
I sincerely hope that someone wakes up soon and smells the coffee in the Oireachtas. Because my SIL married an Irishman and one of my Nephews is Irish. They are both living over in Ireland (not NI), right now. Personally I don't want their lives upset any more than I want mine turned upside down. But I want out of the EU far more than I want comfort for anyone.