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submitted 2 months ago by [email protected] to c/[email protected]

cross-posted from: https://feddit.uk/post/10932557

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”.

One of Labour’s first major acts in government will bring all passenger rail into national ownership under Great British Railways as contracts with private operators expire, a plan endorsed by the architect of the Conservatives’ own rail plan.

Labour will announce it plans to cut waste and claw back shareholder dividends, saving £2.2bn. It will establish a watchdog, the Passenger Standards Authority, to scrutinise the new system. Passengers will be offered best-price ticket guarantees, automatic delay repay and digital season tickets across the network.

bIn 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.

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[-] [email protected] 4 points 2 months ago* (last edited 2 months ago)

Currently Network Rail owns and operates (nearly) all the railways, signals and ticket offices. Not sure about stations. Train companies rent rail stock, but they pay a high price for this and subsequently pass that onto the consumer, while maintaining that it's necessary to charge expensive fares because their costs are so high.

The government owns Network Rail. The government will take over the rail companies, and this will probably end up staggered as different companies have different contract dates. The rail stock itself will probably remain under the same ownership with more or less the same ridiculous rental charges.

So all in all this probably won't make that much difference.

this post was submitted on 24 Apr 2024
81 points (98.8% liked)

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