Rachel Reeves will regret her Blairite business plan

Shadow Chancellor Rachel Reeves travels by train but Labour is not committing to taking back the trains we travel on

But is this just an attempt to woo Tory voters a week before the local and mayoral contests, or do Reeves’s words have substance? These are owned by rolling stock companies which lease them out to the franchise operators. Indeed, one of the largest ROSCOs, Porterbrook, on Thursday welcomed Labour’s commitment “to leverage private capital to help deliver its long-term strategy”. In other words, profiteering train leasing companies will keep some control.of “ministers working with business leaders to unlock public sector blockages to investment”, something she says she hopes to do with renewable energy.

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