61
South Western first rail firm renationalised by Labour
(www.bbc.co.uk)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 25 May 2025
61 points (100.0% liked)
United Kingdom
4794 readers
167 users here now
General community for news/discussion in the UK.
Less serious posts should go in [email protected] or [email protected]
More serious politics should go in [email protected].
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 2 years ago
MODERATORS
The 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 is 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.
All? Not all. One ~~village of indomitable Gauls~~ station remains in private ownership, and that’s St Pancras. All other stations are owned by Network Rail and have been since 2002.
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).