The laugh is nothing is nationalised anymore, these franchises are all run by private companies so the fare increase is only going to increase their profits. cutting jobs is another way for these firms to do things on the cheap and further drive up their profits.
The chap in charge of privatising the railways was a young man named Tom Winsor. Anyone recognise his name? No? He's the same Tom Winsor that intends to do the same thing he did to the railways to the Police! The chosen replacement firm is <insert drum roll here> G4S!!
After them it will be the Ambulance service, Fire Brigade, NHS....you get the picture!
Oh, mustn't forget the Coastguard that's going, going, gone!
Oh, and Search & Rescue.
And you think you pay a lot for these services now via Council Tax!