Hurrah! Even as a free market conservative I've long been in favour of this: bidding for the multi-year contract to operate a line is a poor proxy for (impossible) proper competition where rail users could vote with their feet and wallets. There's effectively only one operator anyway, for a given journey, it should be the state, awarding the multi-year contract to the elected government is strictly better than to a p…
I’m not. I have a choice on the WCML of multiple different providers. Manchester to London walk up far for almost any time can be £300 return for the fast train arriving in london before lunch and getting home before 9pm, or £50 for a slower train with a change. Same with crewe-Manchester, Birmingham-london, Edinburgh-london etc. Quite happy with the competition and no government interference.
Those £50 tickets are about market segmentation - separating the customers who have time flexibility or are willing to suffer from those who don't or aren't.