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South Western first rail firm renationalised by Labour
(www.bbc.co.uk)
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this post was submitted on 25 May 2025
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This is the first “franchise” to be cancelled, the others were franchises that are extant but run by the operator of last resort.
It’s not making a bigger splash because the Tories nationalised the entire network in 2020 by abolishing all the franchises and replacing them with management contracts, whereby the operators are paid a flat fee by DfT to run the service.
The pace of absorption by GBR is dictated by the franchise terms, and operators seem to be being allowed to reach the end of their contract terms if that is in the next couple of years, or else having their break clauses invoked when they come into eligibility.