@timagal What's so maddening is that int he public sector as you say (now) cross subsidy is regarded as wasteful, with profitable aspects sold off or drained of cash while the loss-making aspects are regarded as in crisis...Virtually every successful business in the history of economics has cross subsidised aspects of it operation if not in perpetuity for long periods - that the public sector, when 'managed like a business' is somehow not allowed to do this, is just hypocrisy or madness