Quote:
Originally Posted by papa smurf
Jeremy Corbyn reveals first official policy: To renationalise the railways
Jeremy Corbyn unveils his first official policy since becoming leader of the Labour Party, with plans for a “People’s Railway” under which his government would fast-track a renationalisation of England’s rail network.
The plans would lead to a third of franchises being brought under public ownership by 2025 if he became prime minister at the next election. Mr Corbyn will announce that each route would be renationalised when its franchise expired. Some five out of 16 franchises are due to expire between 2020 and 2025, including East Coast, Southern and TransPennine Express.
http://www.independent.co.uk/news/uk...-10509504.html |
Wonder if he has thought how much it will cost to do that. I assume the likes of Virgin trains won't simply write off the 1.5 billion investment they have made in 70 new trains for the west coast line, over the last few years?