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Renationalaizing and extending rail would solve so much in basically every country in Europe. There is soo much demand for it and rail companies everywhere are just cranking up prices without expanding at all.
Well UK renationalisation is happening. Or pretty darn close to it.
We will see news like this again and again. As all the rail contracts come up for renewal. Labour plans to either nationalised or accept community coop like bids.
Expectation is all will be moved by 2027.
Honestly. It is more interesting how little of this plan is commented on in the news like this.
It was in the manifesto. And Starmer has confirmed it multiple times in parliament.
Yet we keep seeing articles talking about single company changes. And a few about accepted coops. Yet no talk about the long-term plan. Given how popular the calls for renationalisation is. It looks a little questionable that the media seems to be minimising the one left leaning thing labour is doing.
Little odd the call this the first. At least 2 other private contacts have been in the news as moved to GBR when they expire. Plus at least 2 community groups accepted as bids.
Rail contracts and train companies aren't the problem. The problem is rail stock leasing, which has obsene prices and pushes the public-facing train companies to both be expensive but also run a paper thin margin. Nationalising the train companies won't do anything about rail stock leasing, the government needs to focus on the root problem, not buy out the under-performing public facing business at a high price.
First off the are not buying out any companies. These companies own nothing but a short term contract to provide service. The gov is just not renewing those contracts as the expire.
As for overpriced train leases. Yeah that is an issue. But only because the companies have temp contracts. So leasing is the only practice option. Long term GBR will have other options.