James O'Brien reacts to Labour's pledge to re-nationalise most passenger rail services within five years if it wins the next election.
The party would transfer all rail networks to public ownership within its first term in what it has labelled the “biggest overhaul to our railways in a generation”.
They will transfer the railways to public ownership by folding existing private passenger rail contracts into a new body as they expire, says Shadow Transport Secretary Louise Haigh.
The Government’s proposal for rail reform, which was published in a draft Bill in February, includes the creation of a new public sector body named Great British Railways (GBR).
The GBR would be responsible for rail infrastructure and awarding contracts to operate trains.
However, a Labour government would create a "unified, publicly owned, accountable and arm's length" version of Great British Railways (GBR) led by rail experts rather than Whitehall.
1:18 - James O'Brien looks back at the nationalisation of the British railway
08:19 - Public utilities have been 'handed over to the highest bidders who suck the marrow out of the bones of our country' says James O'Brien
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24 апр 2024