South Western Railway becomes first rail network nationalised under Labour government

Ministers have announced that South Western Railway will be the first train company brought under public ownership as part of Labour’s plans to renationalise the railways. SWR will come under state ownership in May, followed by C2C and Greater Anglia in July and autumn 2025, respectively. All three run key London commuter services. It comes after the government’s Passenger Railway Services (Public Ownership) Act received Royal Assent last week, paving the way for the biggest shake-up of Britain’s railways in decades. Labour hopes the move will reduce widespread delays and cancellations, which have plagued the network’s franchised operators in recent years. It claimed on Wednesday nationalisation would save £150m per year in fees, with “no additional cost to the taxpayer.” Get more on the story 👇 https://www.cityam.com/south-western-railway-c2c-and-greater-anglia-to-be-nationalised-in-2025/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Larissa Howie, Scarlett Wild #train #transport #transportation #travel #travelnews