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Publicly owned railway? Hold on there Thatcher!
The labour gov is pretty much planning to nationalise rail again.
All contracts as they expire will be replaced with co ops or a new nationalised company. By 2027 apparently.
So yep public owned rail again.
Not rolling stock, though.
The current leeches don't even own the trains.
True.
But as much as I hated privatisation.
If owning the trains was required. Then sort term contracts would be impossible.
Making what labour is doing now, as expensive as the more right wing keep falsely claiming.
So we sorta have some gratitude that the tories never required the same companies to own the rolling stock as run it. But instead sold it to banks requiring them to rent it.