Comment on South Western first rail firm renationalised by Labour
Patch@feddit.uk 5 days agoThe company that owns the lines (Network Rail) is already nationalised. Its privatised predecessor (Railtrack) collapsed spectacularly all the way back in 2002.
All stations are owned and managed by either Network Rail or a train operating company, so this will bring all stations into nationalised ownership.
The only thing that isn’t being nationalised as part of this plan is the existing rolling stock, which are owned by yet another set of companies. But there’s no reason why new rolling stock won’t be under direct ownership, so that should sort itself out eventually.
ohulancutash@feddit.uk 5 days ago
All? Not all. One
village of indomitable Gaulsstation remains in private ownership, and that’s St Pancras.Patch@feddit.uk 5 days ago
Technically St Pancras is still state owned, but it’s on a long-term lease to a private consortium. Once the lease expires it’ll revert to direct state ownership too, it’s just that that’s got quite a long time horizon on it compared to the TOC franchises (still another 15 years away yet).