Labour pledge to renationalise railways within five years
Sign up for the View from Westminster email for expert analysis straight to your inboxGet our free View from Westminster emailLabour will pledge to renationalise the railways if elected, in what the party will call the “biggest overhaul to our railways in a generation.”A Labour government would expect to transfer rail networks to public ownership within its first term by folding existing private passenger rail contracts into a new body as they expire, shadow transport secretary Louise Haigh will say at a launch event on Thursday.The plan will nationalise the network “without the taxpayer paying a penny in compensation costs”, the party will say.The Government’s own proposals for rail reform, published in a draft Bill in February, include the creation of a new public sector body named Great British Railways (GBR) to hold responsibility for rail infrastructure and awarding contracts to operate trains.But a Labour government would create a “unified, publicly owned, accountable and arm’s length” version of GBR led by rail experts rather than Whitehall, Ms Haigh will say.Labour also plans to establish a watchdog, the Passenger Standards Authority, to hold GBR to account.(left to right) Richard Parker, Labour’s West Midlands mayoral candidate, shadow transport secretary Louise Haigh, and deputy party leader Angela Rayner More