This is the best summary I could come up with:

Labour will fully nationalise the train network within five years of coming to power, with a pledge to guarantee the cheapest fares as part of “the biggest reform of our railways for a generation”.

In a speech on Thursday, the shadow transport secretary, Louise Haigh, will say renationalisation “is not going to be easy and it will take hard graft, but it will be my mission to get us to the right destination and to deliver for the Great British passenger”.

Labour insiders hailed the announcement as the moment the party would begin to champion its more radical proposals in the run-up to an election campaign, after a number of U-turns including over green investment.

Haigh, one of the most left-leaning remaining members of the shadow cabinet with close links to the unions, has been able to protect her renationalisation policy despite intense lobbying efforts to water it down.

Mick Whelan, its general secretary, said: “The commitment delivers for the economy, for the taxpayer, for passengers and for staff,” adding that privatisation had “allowed a few companies to make enormous profits, which have taken much-needed money out of the sector”.

Labour underlined that it would not extend renationalisation to the ownership of the actual trains, as urged by unions including the RMT, by publicising an endorsement by Mary Grant, the highly paid chief executive of the rolling stock leasing firm Porterbrook.

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