Labour’s Rail Renationalision Plans Exclude Compensation for Private Train Operators

Published on February 1, 2024

Britain’s rail operators will be brought into public ownership within the first term of a Labour government, the party’s transport secretary said, adding that private train operators won’t be compensated. Most passenger services in the UK are run by privately-owned train operating companies (TOCs) under multi-year franchises let by the government. Labour’s Louise Haigh told GB News that when the operators’ contracts expire, the party plans to bring railways back into public ownership. She said the policy “will bring significant savings,” while private operators will receive “absolutely no compensation.” Under Labour proposals, Britain’s railway will be restructured. A single publicly owned railway company, GB Rail, will run both the rail infrastructure and train services....

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